What types of accounts that company prepare

Question

Accepted Answer

The company prepares various types of accounts including financial statements, tax accounts, and accounts receivable/payable.

Financial statements: The company prepares income statements, balance sheets, and cash flow statements to provide a comprehensive view of its financial performance.
Tax accounts: The company prepares accounts related to taxes, such as income tax accounts and sales tax accounts, to ensure compliance with tax regulations.
Accounts receivable/payable: The company maintains accounts receivable to track money owed by customers and accounts payable to track money owed to suppliers.
General ledger accounts: The company prepares accounts in the general ledger to record all financial transactions and maintain accurate financial records.
Expense accounts: The company prepares accounts to track various expenses incurred, such as rent, utilities, salaries, and marketing expenses.

Accepted Answer

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