A chart of accounts

Question

A chart of accounts

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A chart of accounts is a list of all the accounts used by a business to record financial transactions. It provides a framework for organizing financial information and helps ensure that transactions are recorded consistently and accurately. The chart lists the accounts in the ledger, including categories such as assets, liabilities, equity, revenue, and expenses. It does not indicate the amount of profit or loss for the period, nor does it show the balance of each account in the general ledger.

A Chart of Accounts