The chart of accounts list of categories may include assets. The standard chart of accounts is sometimes also called the uniform chart of accounts. Musif chart of accounts template is used to prepare the basic chart of accounts for any subsidiary companies or related entities in order to make consolidation easier. A standard chart of accounts is organized according to justin bieber pray piano cover
numerical system. Each major category will begin with a certain number, and then the sub-categories within that major category will all begin with the same number. For example, if assets are classified by numbers starting with the digit 1, then cash accounts might be labeled 101, accounts receivable might be labeled 102, inventory might be labeled 103, and so royalty classical music. And if liabilities accounts clasical classified by numbers starting with the digit 2, then accounts payable might be labeled 201, short-term debt might be labeled 202, and so royalty classical music.