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I need to know the meaning of the different types in the chart accounts, so I can related to the Moroccan chart of accounts.
|Bank and Cash|
|Current Year Earnings|
|Thanks a lot |
I got an answer, maybe it will help some of you.
|1/ In the chart of accounts ( account.account ) we find a type of account where you should choose one of the list mentioned above.|
|2/ This type is used for 3 reasons:|
* To show accounting reports in a good format (grouped by type ...etc).
* For Restrictions (Exemple : When you want to choose an account for customer, it will show you only accounts with type "Receivable" ).
* In Financial year closure.
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|Asked: 10/19/16, 12:21 PM|
|Seen: 512 times|
|Last updated: 10/25/16, 10:00 AM|