CHART OF ACCOUNTS Definition

Bookmark and Share

CHART OF ACCOUNTS is a list of ledger account names and associated numbers arranged in the order in which they normally appear in the financial statements. The Chart of Accounts are customarily arranged in the following order: Assets, Liabilities, Owners Equity (Stockholders Equity for a corporation), Revenue, and Expenses.

Learn new Accounting Terms

WITHOUT PREJUDICE is to come to agreement without negating the right or ability to take some form of action in the future, e.g. a legal case can be settled without prejudice, allowing for future legal action if desired by one or more of the parties to the settlement.

ANALYZE is to Identify and classify items for further study.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.