The expanded accounting equation builds on the standard accounting equation using double-entry accounting by adding granularity to the owners’ equity portion of the formula. The chart of accounts is a numbering system that lists all of a company’s accounts in the order in which they appear on ...
The chart of accounts is a listing of all the accounts in the general ledger, each account accompanied by a reference number. The chart of accounts lists the accounts that are available for recording transactions. In keeping with thedouble-entry systemof account...