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The chart of accounts for a cleaning service company typically includes categories such as Assets (e.g., cash, accounts receivable, equipment), Liabilities (e.g., Accounts Payable, loans), Equity (e.g., owner's equity), Revenue (e.g., cleaning service income, additional services), and Expenses (e.g., wages, cleaning supplies, advertising, utilities). Each category is assigned a unique account number for easy identification and organization. This structure helps the company track financial performance and prepare accurate financial statements.
What else can I help you with?
What accounts will only be found in the chart of accounts of a merchandising company?
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The account that appears in the chart of accounts for a merchandising business but not for a service business?
Sales
What is the appropriate order for a company's chart of accounts?
assets, liabilities, stockholders' equity, revenues, expense
Is it true that chart of accounts for a merchandising entity differs from that of a service entity?
Yes, the chart of accounts for a merchandising entity typically differs from that of a service entity. A merchandising entity includes accounts related to inventory, cost of goods sold, and sales revenue from physical products, while a service entity focuses on accounts related to service revenue and expenses associated with providing services. This distinction reflects the different nature of their operations and financial reporting needs.
When do you debit and when do you credit an account?
Another account will receive a "credit" entry, meaning the amount will be (You can refer to the company's chart of accounts to select the proper accounts}.
What accounts will only be found in the chart of accounts of a merchandising company?
sadsfdgfhgjhbjnk
The account that appears in the chart of accounts for a merchandising business but not for a service business?
Sales
What is the appropriate order for a company's chart of accounts?
assets, liabilities, stockholders' equity, revenues, expense
Is it true that chart of accounts for a merchandising entity differs from that of a service entity?
Yes, the chart of accounts for a merchandising entity typically differs from that of a service entity. A merchandising entity includes accounts related to inventory, cost of goods sold, and sales revenue from physical products, while a service entity focuses on accounts related to service revenue and expenses associated with providing services. This distinction reflects the different nature of their operations and financial reporting needs.
When do you debit and when do you credit an account?
Another account will receive a "credit" entry, meaning the amount will be (You can refer to the company's chart of accounts to select the proper accounts}.
What is meant by group chart of accounts in sap fico?
To consolidate all the company codes into one BalanceSheet.
What is charts of accounts?
chart of account is a chart
In which chart of accounts does property tax belong?
Property Tax goes in the Expense section of the Chart of Accounts
Chart of accounts of a Law Firm?
http://www.google.com/search?q=law+firm+chart+of+accounts
What elements need to be considered when deciding on the numbering and layout of a Chart of Accounts?
the numbering and layout of a Chart of Accounts?
What does the chart of accounts for a retail establishment include?
The chart of accounts for the retail establishment includes Cash and Sales.
Why have a chart of accounts?
its important
