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Understanding Account Types used in the Chart of Accounts This article explains the use of Chart of Accounts – Account Types. Here, various account types are defined and explained. We will explain what the (Chart of Account) account types are and how to use them to keep your contracting company’s finances organized and accurate. This […]
Chart of Accounts – Account Types (used in chart of accounts) Read More »
Understanding the Chart of Accounts (COA) The Chart of Accounts (COA) displays the account number, name of the account, type (expense, income, asset, payable, etc.) and a description of what the account would be used for. Accounts are used to indicate and summarize the increases or decreases to the balances of each asset, liability, and
Chart of Accounts – A Detailed Overview Read More »
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