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A chart of accounts (COA) is a list of financial accounts and reference numbers, grouped into categories, such as assets, liabilities, equity, revenue and expenses, and used for recording transactions in the organization's general ledger.
By convention, one of these is the normal balance type for each account according to its category. Asset and expense accounts have a normal debit balance, while liability, equity and income accounts have a normal credit balance. [1] Generally a normal balance is shown in statements as a positive number.
There are several tolerance methods: . The traditional "minimum weight" system where weights below a specified weight are rejected. Normally the minimum weight is the weight that is printed on the pack or a weight level that exceeds that to allow for weight losses after production such as evaporation of commodities that have a moisture content.
A reclass or reclassification, in accounting, is a journal entry transferring an amount from one general ledger account to another. This can be done to correct a mistake; to record that long-term assets or liabilities have become current; or to record that an asset is now being used for a different purpose (e.g. lands becoming investment property intended for resale, rather than as property ...
Normal polytopes, in polyhedral geometry and computational commutative algebra; Normal ring, a reduced ring whose localizations at prime ideals are integrally closed domains; Normal scheme, a scheme whose local rings are normal domains; Normal sequence (disambiguation), either a normal function or a representation of a normal number