Difference between revisions of "Chart of accounts"

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(Balance Sheet Accounts)
(Balance Sheet Accounts)
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===Balance Sheet Accounts===
 
===Balance Sheet Accounts===
:<blockquote><table class="wikitable" width=100% style="text-align:center;"><caption>Example of Chart of Balance Sheet Accounts for [[sole proprietorship]] or [[partnership]]</caption><tr><th>Category</th><th>Account&nbsp;code</th><th>Account&nbsp;name</th></tr><tr><td rowspan="9">Asset Accounts</td><td>101</td><td>Bank (or Cash at Bank)</td></tr><tr><td>102</td><td>Cash</td></tr><tr><td>108</td><td>Deferred Expense</td></tr><tr><td>112</td><td>Accounts Receivable</td></tr><tr><td>116</td><td>Supplies</td></tr><tr><td>130</td><td>Prepaid Insurance</td></tr><tr><td>157</td><td>Equipment</td></tr><tr><td>158</td><td>Accumulated Depreciation Equipment</td></tr><tr><td>199</td><td>Other Assets</td></tr><tr><td rowspan="6">Liabilities</td><td>200</td><td>Notes Payable</td></tr><tr><td>201</td><td>Accounts Payable</td></tr><tr><td>209</td><td>Unearned Service Revenue</td></tr><tr><td>230</td><td>Interest Payable</td></tr><tr><td>231</td><td>Deferred Gross Profit</td></tr><tr><td>299</td><td>Other Liabilities</td></tr><tr><td rowspan="7">Owner's Equity Accounts</td><td>300</td><td>Owner's capital</td></tr><tr><td>311</td><td>Share Capital-Ordinary</td></tr><tr><td>320</td><td>Retained Earnings</td></tr><tr><td>330</td><td>Capital contributions</td></tr><tr><td>332</td><td>Dividends</td></tr><tr><td>350</td><td>[[Income Summary]]</td></tr><tr><td>360</td><td>Drawings (Distributions)</td></tr><tr><td rowspan="4">Revenue Accounts</td><td>400</td><td>Rental Income</td></tr><tr><td>410</td><td>Sales Income</td></tr><tr><td>420</td><td>Interest Income</td></tr><tr><td>499</td><td>Other Income</td></tr><tr><td rowspan="14">Expense Accounts</td><td>570</td><td>Office Expense</td></tr><tr><td>585</td><td>Computer Expenses</td></tr><tr><td>595</td><td>Communication Expense</td></tr><tr><td>597</td><td>Labour & Welfare Expenses</td></tr><tr><td>610</td><td>Advertising Expenses</td></tr><tr><td>599</td><td>Printing & Stationery Expenses</td></tr><tr><td>631</td><td>Supplies Expense</td></tr><tr><td>711</td><td>Depreciation Expense</td></tr><tr><td>722</td><td>Insurance Expense</td></tr><tr><td>726</td><td>Salaries and Wages Expense</td></tr><tr><td>729</td><td>Rent Expense</td></tr><tr><td>732</td><td>Utilities Expense</td></tr><tr><td>805</td><td>Interest Expense</td></tr><tr><td>999</td><td>Other Expenses</td></tr></table></blockquote>
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:<blockquote><table class="wikitable" width=100% style="text-align:center;"><caption>Example of Chart of Balance Sheet Accounts for [[sole proprietorship]] or [[partnership]]</caption><tr><th>Category</th><th>Account&nbsp;code</th><th>Account&nbsp;name</th></tr><tr><td rowspan="9">Asset Accounts</td><td>101</td><td>Bank (or Cash at Bank)</td></tr><tr><td>102</td><td>Cash</td></tr><tr><td>108</td><td>Deferred Expense</td></tr><tr><td>112</td><td>Accounts Receivable</td></tr><tr><td>116</td><td>Supplies</td></tr><tr><td>130</td><td>Prepaid Insurance</td></tr><tr><td>157</td><td>Equipment</td></tr><tr><td>158</td><td>Accumulated Depreciation Equipment</td></tr><tr><td>199</td><td>Other Assets</td></tr><tr><td rowspan="6">Liabilities</td><td>200</td><td>Notes Payable</td></tr><tr><td>201</td><td>Accounts Payable</td></tr><tr><td>209</td><td>Unearned Service Revenue</td></tr><tr><td>230</td><td>Interest Payable</td></tr><tr><td>231</td><td>Deferred Gross Profit</td></tr><tr><td>299</td><td>Other Liabilities</td></tr><tr><td rowspan="7">Owner's Equity Accounts</td><td>300</td><td>Owner's capital</td></tr><tr><td>311</td><td>Share Capital-Ordinary</td></tr><tr><td>320</td><td>Retained Earnings</td></tr><tr><td>330</td><td>Capital contributions</td></tr><tr><td>332</td><td>Dividends</td></tr><tr><td>350</td><td>[[Income Summary]]</td></tr><tr><td>360</td><td>Drawings (Distributions)</td></tr></table></blockquote>
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===Profit & Loss Accounts===
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:<blockquote><table class="wikitable" width=100% style="text-align:center;"><caption>Example of Chart of Balance Sheet Accounts for [[sole proprietorship]] or [[partnership]]</caption><tr><th>Category</th><th>Account&nbsp;code</th><th>Account&nbsp;name</th></tr><tr><td rowspan="4">Revenue Accounts</td><td>400</td><td>Rental Income</td></tr><tr><td>410</td><td>Sales Income</td></tr><tr><td>420</td><td>Interest Income</td></tr><tr><td>499</td><td>Other Income</td></tr><tr><td rowspan="14">Expense Accounts</td><td>570</td><td>Office Expense</td></tr><tr><td>585</td><td>Computer Expenses</td></tr><tr><td>595</td><td>Communication Expense</td></tr><tr><td>597</td><td>Labour & Welfare Expenses</td></tr><tr><td>610</td><td>Advertising Expenses</td></tr><tr><td>599</td><td>Printing & Stationery Expenses</td></tr><tr><td>631</td><td>Supplies Expense</td></tr><tr><td>711</td><td>Depreciation Expense</td></tr><tr><td>722</td><td>Insurance Expense</td></tr><tr><td>726</td><td>Salaries and Wages Expense</td></tr><tr><td>729</td><td>Rent Expense</td></tr><tr><td>732</td><td>Utilities Expense</td></tr><tr><td>805</td><td>Interest Expense</td></tr><tr><td>999</td><td>Other Expenses</td></tr></table></blockquote>
  
 
=====Equity Accounts (for corporations)=====
 
=====Equity Accounts (for corporations)=====

Revision as of 18:20, 16 November 2018

General outline

General outline of chart of accounts
GroupTo be used inCategory
Balance Sheet AccountsBalance sheetAsset Accounts
Liabilities
Owner's Equity Accounts
Profit & Loss AccountsIncome statementRevenue Accounts
Expense Accounts

Examples

The charts below are just examples; no general standard exists in GAAP.

Balance Sheet Accounts

Example of Chart of Balance Sheet Accounts for sole proprietorship or partnership
CategoryAccount codeAccount name
Asset Accounts101Bank (or Cash at Bank)
102Cash
108Deferred Expense
112Accounts Receivable
116Supplies
130Prepaid Insurance
157Equipment
158Accumulated Depreciation Equipment
199Other Assets
Liabilities200Notes Payable
201Accounts Payable
209Unearned Service Revenue
230Interest Payable
231Deferred Gross Profit
299Other Liabilities
Owner's Equity Accounts300Owner's capital
311Share Capital-Ordinary
320Retained Earnings
330Capital contributions
332Dividends
350Income Summary
360Drawings (Distributions)

Profit & Loss Accounts

Example of Chart of Balance Sheet Accounts for sole proprietorship or partnership
CategoryAccount codeAccount name
Revenue Accounts400Rental Income
410Sales Income
420Interest Income
499Other Income
Expense Accounts570Office Expense
585Computer Expenses
595Communication Expense
597Labour & Welfare Expenses
610Advertising Expenses
599Printing & Stationery Expenses
631Supplies Expense
711Depreciation Expense
722Insurance Expense
726Salaries and Wages Expense
729Rent Expense
732Utilities Expense
805Interest Expense
999Other Expenses
Equity Accounts (for corporations)

300Dividend 310Capital in excess of par 330Retained earnings