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Merge pull request #266 from mseibert/patch-6

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Update chart-of-accounts.md
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Rushabh Mehta
2018-08-06 16:53:20 +05:30
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foundation/www/docs/user/manual/en/accounts/chart-of-accounts.md
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@@ -125,7 +125,7 @@ Explanation of account types:
- **Bank:** The account group under which bank account will be created.
- **Cash:** The account group under which cash account will be created.
- **Cost of Goods Sold:** The account to book the accumulated total of all costs used to manufacture / purchase a product or service, sold by a company.
- **Depreciation:** The expense account to book the depreciation of teh fixed assets.
- **Depreciation:** The expense account to book the depreciation of the fixed assets.
- **Expenses Included In Valuation:** The account to book the expenses (apart from direct material costs) included in landed cost of an item/product, used in Perpetual Inventory, .
- **Fixed Asset:** The account to maintain the costs of fixed assets.
- **Payable:** The account which represents the amount owed by a company to its creditors.