Chart Of Accounts

Business, Legal & Accounting Glossary

Definition: Chart Of Accounts


Quick Summary of Chart Of Accounts


A list of all of the accounts that are held in which business transactions are classified and recorded.



Full Definition of Chart Of Accounts


A chart of accounts (COA) is a list of all accounts tracked by a single accounting system, and should be designed to capture financial information to make good financial decisions. Each account in the chart is assigned a unique identifier, typically an account number. Each account in the Anglo-Saxon chart is classified into one of the five categories: assets, liabilities, equity, income and expenses.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/chart-of-accounts/
Modern Language Association (MLA):
Chart Of Accounts. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 16, 2020 https://payrollheaven.com/define/chart-of-accounts/.
Chicago Manual of Style (CMS):
Chart Of Accounts. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/chart-of-accounts/ (accessed: July 16, 2020).
American Psychological Association (APA):
Chart Of Accounts. PayrollHeaven.com. Retrieved July 16, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/chart-of-accounts/

Definition Sources


Definitions for Chart Of Accounts are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 18th April, 2020 | 0 Views.