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This is the Chart of Accounts lesson from my FAR 101 course. In this video I explain how the entire accounting system is organized, why all accounts fall into groups, and how each account connects to the income statement or balance sheet. Once you understand the chart of accounts, choosing debits and credits becomes much easier. The next few videos will be about the financial statements, so be sure to follow your favorite CPA teacher, Jack! #cpa #accountingstudent #accounting #cpaexam #cpaexamli
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