What is Chart of Accounts Accounting Explained? The below diagram explains
Chart of Accounts Accounting Explained. This chart shows an important concept or a framework to help one run their business, improve company's strategy, internal processs, enhance project management, technology, and client experience.
A chart of accounts is a listing of the names of the accounts for recording transactions in its general ledger. Chart of accounts (COA) is an organizational tool that provides a breakdown of all the financial transactions conducted during a specific accounting period, divided into subcategories.
