CHAPTER II:
CATALOGUE OF ACCOUNTSARTICLE 14. Encoding the Chart of Accounts is structured on the basis of the following levels:
Class: The first digit
Group: The first two digits
Account: The first four digits
Sub: The first six digitsThe classes that the first digit identifies are:
Class 1: Active
Class 2: Passive
Class 3: Heritage
Class 4: Income
Class 5: Expenditures
Class 6: Cost of sales
Class 7: Costs of production or operation
Class 8: Debit memorandum accounts
Class 9: Credit memorandum accountsClasses 1, 2 and 3 include the accounts comprising the balance sheet, the classes 4, 5, 6 and 7 correspond to the accounts of the state of gains or losses or income statement and Classes 8 and 9 detailed memorandum accounts .
Kindly note that the CoA given here will have variable length Account Codes which can be normalised to 6 digits by padding right with zeroes.
Class: 3 Heritage should be Share Capital or Stock Holders since Google translate of the Spanish patrimonio is poorer than Babylon's.
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