📣 Get to know the account category.

📣 Get to know the account category.

For this article, we would like to present about the methods for categorizing accounts and the chart of accounts to leave each other. If you're ready, let's go see it.

🔸 Get to know the Chart of Accounts

Chart of accounts is the storage of accounts and the assignment of the accounts to the classification category. Which will be up to the business to do in the classification. For use as a reference when posting from a general journal. by going to the general ledger which can be modified and adjusted as appropriate in which the number in each sequence can indicate a category

The number 1 is the number for the asset category.

Number 2 is the number for the category of liabilities.

The number 3 is the number for the owner category.

Number 4 is the number for the income category.

Number 5 is the number for the category of expenses.

🔸 Get to know Account category

An account category is a collection of similarities that are brought into the same category. and have the same meaning For example, cash, a car, which is something that the entity has in its possession. which is considered an asset of the business

🔸 How many categories of accounts can be divided into?

It can be divided into 5 types as follows:

1.Type of asset category

2. Type of debt category

3. Types of categories in the owner's equity

4.Type of income category

5. Types of categories in expenses

How are you? Hope this article will be useful for all readers. And see you again in the next article.

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