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Case Western Reserve University Chart of Account Expenses At 1/31/11Account 511000Title Faculty Control511100 511110 511150 511160 511200 511210 511250 511260 511300 511310 511350 511360 511400 511410
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What is chart of account?
A chart of accounts is a list of all the different accounts and classifications that a company uses to organize and track its financial transactions.
Who is required to file chart of account?
All companies and organizations are required to maintain and file a chart of accounts for financial reporting purposes.
How to fill out chart of account?
A chart of accounts is typically filled out by assigning a unique account number and description to each classification or category of financial transactions.
What is the purpose of chart of account?
The purpose of a chart of accounts is to provide a consistent framework for recording and reporting financial information in a standardized format.
What information must be reported on chart of account?
The chart of accounts must include information on assets, liabilities, equity, revenue, and expenses.
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