There are five major categories of accounts: (1) Assets, (2) Liabilities, (3) Net assets, (4) monies, and (5) Expenditure. These of these categories of accounts are divided into account groups and subgroups. Refer also to chart of accounts.
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There are five major categories of accounts: (1) Assets, (2) Liabilities, (3) Net assets, (4) monies, and (5) Expenditure. These of these categories of accounts are divided into account groups and subgroups. Refer also to chart of accounts.
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