BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A chart of accounts (COA) is a financial organizational tool that provides a complete listing of every account in the general ledger of a company, broken down into subcategories.

Detailed explanation-2: -A chart of accounts (COA) is a financial, organizational tool that provides an index of every account in an accounting system. This provides an insight into all the financial transactions of the company.

Detailed explanation-3: -A chart of accounts is a list of account names used to label transactions and keep tabs on a company’s finances. Think of it as the filing cabinet for your small business’s accounting system. It organizes transactions into groups, which helps track money coming in and out of the company.

Detailed explanation-4: -A chart of accounts is a list of all your company’s “accounts, ” together in one place. It provides you with a birds eye view of every area of your business that spends or makes money. The main account types include Revenue, Expenses, Assets, Liabilities, and Equity.

Detailed explanation-5: -A general ledger represents the record-keeping system for a company’s financial data with debit and credit account records validated by a trial balance.