A chart of what ?
What is a Chart of Accounts (COA)?
A chart of accounts (COA) is an index of all the financial accounts in the general ledger of a company. In simpler terms a chart of accounts is simply a list of all the accounts that an organization uses in its day to day financial operations.
Every transaction recorded is recorded to an account listed in the chart of account. In many cases, there are two or more accounts that are affected by the transactions. Therefore, it is imperative that the transactions be recorded in the correct accounts.
Certain accounts affect different accounts on your financial statements