Chart of accounts

Examples

Simple chart of accounts

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

Example of chart of accounts for sole proprietorship or partnership

Group	To be used in	Category	Account code	Account name
Balance sheet accounts	Balance sheet	Asset accounts	111	Cash
			112	Accounts Receivable
			121	Office Equipment
			122	Delivery Trucks
		Liabilities	211	Accounts Payable
		Owner's Equity	311	Mel Free, Capital
			312	Mel Free, Withdrawals
			313	Income Summary
Income statement	Revenue	411	Delivery Fees Earned
	Expenses	511	Salaries Expense
		512	Advertising Expense
		513	Gas Expense
		514	Office Supplies Expense
		515	Telephone Expense

Balance Sheet Accounts

Asset Accounts

• 101 Bank/Cash at Bank<ref>Template:Cite book</ref>
• 102 Cash
• 108 Deferred Expense
• 110 Other A52312
• 112 Accounts Receivable
• 116 Supplies
• 130 Prepaid Insurance
• 157 Equipment
• 158 Accumulated Depreciation Equipment

Liability Accounts

• 200 Notes Payable
• 201 Accounts Payable
• 209 Unearned Service Revenue

• 230 Interest Payable
• 231 Deferred Gross profit

Equity Accounts (for sole proprietorship and partnerships)

• 300 Owner's capital
• 311 Share Capital-Ordinary
• 320 Retained Earnings
• 330 Capital contributions
• 332 Dividends
• 350 Income Summary
• 360 Drawings (Distributions)

Equity Accounts (for corporations)

• 300 Dividend
• 310 Capital in excess of par
• 330 Retained earnings

Profit & Loss Accounts

Revenue Accounts

• 400 Rental Income
• 410 Sales Income
• 420 Interest Income

Expense Accounts

• 570 Office Expense
• 585 Computer Expenses
• 595 Communication Expense
• 597 Labour & Welfare Expenses
• 610 Advertising Expenses
• 599 Printing & Stationery Expenses
• 631 Supplies Expense
• 711 Depreciation Expense
• 722 Insurance Expense
• 726 Salaries and Wages Expense
• 729 Rent Expense
• 732 Utilities Expense
• 905 Interest Expense