A chart of accounts is a listing of each type of activity (such as expense items)and each type of asset within the company.

Name: A chart of accounts is a listing of each type of activity (such as expense items)and each type of asset within the company.
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A chart of accounts is a systematic listing of each account name used by a business to record financial transactions. It usually includes all the asset, liability, equity, revenue, and expense accounts that a business uses.

A Chart of Accounts Is a Listing of Each Type