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What is a Chart of Accounts (COA) in accounting? Essential information you need to know

What is a Chart of Accounts (COA) in accounting? Essential information you need to know

This article explains what COA is in accounting, the structure of the COA chart of accounts, and provides examples of T-account diagrams for commonly used accounts in businesses.

What are accounting objects? Classify and identify the four types of objects

What are accounting objects? Classify and identify the four types of objects

What are accounting objects and how are they classified according to current regulations? This article will help you understand the true nature and how to identify accounting objects.

What is a provision in accounting? Types of provisions in accounting

What is a provision in accounting? Types of provisions in accounting

What is provision in accounting? This IFA article helps you understand the concept, benefits, and types of provisions according to accounting standards.

What is a risk reserve fund and how to properly establish one?

What is a risk reserve fund and how to properly establish one?

A risk reserve fund is a sum of money that businesses use to handle potential losses. This article shares the role, classification, and principles of proper fund establishment.

What is an entry in accounting? What are the different types of entries in accounting today?

What is an entry in accounting? What are the different types of entries in accounting today?

An entry is an accounting journal entry used to record a transaction. This IFA article clearly explains what an entry is in accounting and how to record it correctly according to regulations.

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