DMC Consultants Limited
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DMC Consultants Limited |
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Tips For Creating A Chart Of Accounts
A chart of accounts is the listing of the individual accounts that make up an accounting system. In accounting software, the information contained in a chart of accounts will normally include the account number, the account description and the account type (e.g. balance sheet). Some programmes will include additional information such as the typical balance and the category (cash, receivables) that the account belongs to. Several factors help to determine the format of a chart of accounts. These include:
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