People who work in the accounting department of a commercial firm, who are professional accountants or financial advisors, have four basic duties. These are recording, classifying, reporting and sharing analysis. In addition, people working in the accounting department also perform operations such as issuing invoices and making payments. It is known that accountants use accounting account codes to follow and report the records they keep .
Accounting account codes are the codes that always prevent the opening of wrong records and facilitate the follow-up of the opened records. In short, it serves to record the transactions made in line with the purposes. In a way, these codes serve as classification.
What are Accounting Account Codes? How does it work? In this article , we will give you information about the accounting account codes that are used by accountants a lot . By reviewing this article, you can learn more about accounting account codes, which are very important for classification in accounting .
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What is the Uniform Chart of Accounts?
Uniform chart of accounts is a standard use in accounting. The list of accounts created within the framework of a certain order is calle Uniform Chart of Accounts.
Codes and accounts in the Uniform Chart of Accounts can never be change, and taxpayers can transfer these accounts to their own accounting records if they wish.
What is the Uniform Chart of Accounts?
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When Was the Uniform Chart of Accounts Passe?
The uniform chart of accounts, consisting of accounting account codes, came to the fore within the framework of the report system prepared by the Commission for Phone Number BR Reorganization of Economic State Enterprises between 1964 and 1968. In 1972, uniform financial statements and uniform chart of accounts began to be use.
How Code Systematic Works in Accounting Account Codes?
Persons and businesses that will use accounting account codes should also know this code systematic well. Because each code and number means something specific.
