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allowing for greater ease of entry and reporting.All accounts in the chart of accounts are grouped in one of five categories: As
set up the chart of accounts
setting up the chart of accounts
the chart of accounts is used in the journaling process (i.e.
and Expenses. The general ledger is organized according to the chart of accounts
so called because they record deductions from the related asset account.Accounting Cycle: Chart of AccountsContents1. Chart of A
chart
bar chart
Pie Chart