Chart of accounts is simply a list of account names that a company uses in its general ledger for recording various business transactions. It provides guidance to book-keepers, accountants or other relevant persons in using specific account names while entering transactions in journal and posting them to ledger. Structure or template There is no common structure …
If you like our content, please repin. With an estimated fortune of $62 billion, Warren Buffett is the richest man in the entire world. In 1962, when he began buying stock in Berkshire Hathaway, a share cost $7.50. Today, Warren Buffett, 78, is Berkshire’s chairman and CEO, and one share of the company’s class A stock worth close to $119,000.