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1.What is charts of accounts? Explain the key features of Chart of Accounts in terms of the following: a)Assets b)Liabilities c)Equity d)Explain Balance Sheet Profit

1.What is charts of accounts? Explain the key features of Chart of Accounts in terms of the following:

a)Assets

b)Liabilities

c)Equity

d)Explain Balance Sheet

Profit and Loss Statement

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