Charts of accounts is a listing of all accounts used in the general ledger of an organization. The chart is usually sorted in order by account number, to ease the task of locating specific accounts.

-CoA for Accountant, investor, auditor 

-List of account to categorize heading

-setting up the ‘chart of Accounts’, one of the simple way to start the CoA then go through the accounting equation. 

assets:

Office equipment, computer equipment, buildings, machinery, Goodwill, Bank account, Petty cash, Accounts Receivable, stock 

liabilities, 

Credit Card, Accounts Payable, Income Tax payable, Payroll Taxes, Bank loan, Overdraft.

Equity, 

Capital, Drawings, current year Earnings, Retained earnings 

Income, 

sales, Consultancy, Shipping, Other income.

Expenses 

advertising, payroll. bank fees, consultancy, depreciation, Rent, Entertainment, Insurance, Office expenses, vehicle expenses.

What is Quickbooks vs Tally?

Nepal government has taken reference ( IMF, Government Finance Statistics Manual  (GFSM 2001) the 1986 edition of A manual on government finance statistics 

Nepal sarkar Lekha Nirdesika, 2073


How to Setup the chart of Accounts? example on excelsheet