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imagine you start a company and you are the only sole propietor, explain the chart of...

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Accounting

imagine you start a company and you are the only sole propietor,explain the chart of accounts you plan to use in your company andwhy, and the internal controls you would set up for your companyand why

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Chart of account a chart of accounts is a listing which is divided into Balance Sheet accounts and the Profit Loss accounts All transactions for the accounting of any business whether large or small are being recorded in the chart of accounts using names and unique numbers in each section Simply put it contains the accounts names brief descriptions and identification codes Typical accounts found in the chart of accounts are    See Answer
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