Get the free Chart of Accounts - Poppy Davis.xlsx
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Account NameAccount TypeExplanation1000 Farm Checking AccountBANK1010 Petty CashBANK1020 Farm Savings AccountBANK1200 Accounts ReceivableAccounts Receivables up when you make a sale, goes down when
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What is chart of accounts?
The chart of accounts is a list of all the accounts used by a company to record its financial transactions.
Who is required to file chart of accounts?
All companies, organizations, and businesses are required to maintain and file a chart of accounts.
How to fill out chart of accounts?
The chart of accounts can be filled out by categorizing accounts into different groups such as assets, liabilities, equity, income, and expenses.
What is the purpose of chart of accounts?
The purpose of the chart of accounts is to organize and classify financial transactions in a systematic manner.
What information must be reported on chart of accounts?
The chart of accounts must include details of all financial transactions including account names, codes, and balances.
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