Chart of Accounts, Chip, Chattel, Chattel Mortgage

Chart of Accounts, Chip, Chattel, Chattel Mortgage :

Chart of Accounts : They are contained in the general ledger or a subsidiary ledger of a firm. It refers to an organised list of accounts which are numbered according to their occurrence. For example, 1000 is used for assets, 2000 for liabilities etc. The individual accounts are numbered in such a way that future alterations would be easy

Chip : A semiconductor containing a formed circuit

Chattel : An item of personal property which is physically real and can be moved

Chattel Mortgage : When personal property is promised as a security in lieu of some kind of obligation such as money

Chart of Accounts

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