In Which Order Are The Accounts Listed In The Chart Of Accounts?

Order Of Chart Of Accounts / The Order In Which Accounts Appear In The Chart Of Accounts Is What?

The Accounts listed in the Chart of Accounts (CoA) appear in that order in which these are shown in the Financial Statements. Actually, in the charts of accounts, the Balance Sheet Accounts (assets, liabilities and shareholders’ equity, which are Permanents Accounts) are shown firstly and then followed by the revenue and expense accounts (Income Statement Accounts), which are also called Temporary Accounts in Accounting.

Balance Sheet Accounts

(100) Assets

(200) Liabilities

(300) Shareholders’ Equity

Income Statement Accounts

(400) Revenue

(500) Expenses