WebSix types of accounts are used in financial accounting, which are asset, liability, expense, revenue, drawing and owner equity... WebThe accounts list groups accounts into eight classifications—Asset, Liability, Equity, Income, Cost of Sales, Expense, Other Income and Other Expense. Within each account classification there is at least one account type. Account classifications and types are described in the following table. Header and detail accounts

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WebFive types of accounts include assets, liabilities, equity, revenue, and expenses. Account titles are classified/mapped under different heads depending on their nature. For … WebThe accounts list groups accounts into eight classifications—Asset, Liability, Equity, Income, Cost of Sales, Expense, Other Income and Other Expense. Within each … dick ivey

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