Chart of Accounts

Classification of Accounts and the Accounting Equation

MS: Carta Akaun · EN: Chart of Accounts · ZH: 会计科目表

Meaning

A chart of accounts is a complete list of all the accounts used by a business, organised by the groups of assets, liabilities, equity, revenue and expenses. It helps to record and classify transactions systematically.

Example

For example, Sinar Grocery's chart of accounts lists the cash and inventory accounts (assets), the creditor account (liability), the capital account (equity), the sales account (revenue) and the rent account (expense).

Source: DSKP KSSM Prinsip Perakaunan Tingkatan 4

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