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Explain in 2-3 pages the technique of "chart of accounts" and describe how the functions help
account for public funds
Solution
The chart of accounts is a listing of all accounts used in the general ledger of an organization.
The chart is used by the accounting software to aggregate information into an entities financial
statements . The accounts are usually numeric , but can also be alphabetic or alphanumeric .
Functions helps accounts for public fund as they communicate so much of the information that
owners, managers and investors need to evaluate the company financial performance.

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