19Nov
What is a Chart of Accounts? A How-To with Examples Bench Accounting
It doesn’t include any other information about each account like balances, debits, and credits like a trial balance does. Each category will include specific accounts for your business, like a business vehicle that you own would be recorded as an asset account. Every time you add or remove an account from your business, it’s important to record it in your books and your chart of accounts (COA) helps you do that. An easy way to explain this is to translate it into...
