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Define the chart of accounts, and their impact on preparing and posting the daily entries?

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Question ajoutée par Ahmed Kamel , FINANCE MANAGER , AL SHAMANDI CONSTR. AND DEVELOPMENT GROUP
Date de publication: 2013/09/04
Mohammad Firoz
par Mohammad Firoz , Assistant Registrar (F&A) , Indian Institute of Technology Patna (IIT Patna)

Chart of accounts shows the name of ledgers which are to be maintained by the organization. It is classified under major and minor groups. Any posting in the ledger will affect other ledger as per Duality Concept of the Accountancy.

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