What are the chart account

Question

Accepted Answer

Chart of accounts is a list of all the accounts used by an organization to record financial transactions.

Chart of accounts is a structured list of general ledger accounts.
It provides a framework for organizing financial transactions and generating financial statements.
Each account in the chart of accounts represents a unique category of transactions.
Accounts are classified into different groups such as assets, liabilities, equity, revenue, and expenses.
Examples of chart of accounts include Cash, Accounts Receivable, Accounts Payable, Sales Revenue, and Rent Expense.

Accepted Answer

a group of GL Accounts that controls the name of the General GL Master, the number of GL Master and some control information.

Accepted Answer

Chart of Accounts nothing but gl account list .

Every gl a/c under Linked COA

Accepted Answer

Chart of accounts is nothing but record of all gl accounts COA is most important thing in SAP system.you can have a one COA to one company which is assigned company code

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