Difference between revisions of "Chart of accounts"
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The charts below are just examples; no general standard exists in [[GAAP]]. | The charts below are just examples; no general standard exists in [[GAAP]]. | ||
| − | === | + | ===Balance Sheet Accounts=== |
| − | :<blockquote><table class="wikitable" width=100% style="text-align:center;"><caption>Example of chart of accounts for [[sole proprietorship]] or [[partnership]]</caption><tr | + | :<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 code</th><th>Account 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> |
=====Equity Accounts (for corporations)===== | =====Equity Accounts (for corporations)===== | ||
Revision as of 18:09, 16 November 2018
Contents
General outline
General outline of chart of accounts Group To be used in Category Balance Sheet Accounts Balance sheet Asset Accounts Liabilities Owner's Equity Accounts Profit & Loss Accounts Income statement Revenue 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 Category Account code Account name Asset Accounts 101 Bank (or Cash at Bank) 102 Cash 108 Deferred Expense 112 Accounts Receivable 116 Supplies 130 Prepaid Insurance 157 Equipment 158 Accumulated Depreciation Equipment 199 Other Assets Liabilities 200 Notes Payable 201 Accounts Payable 209 Unearned Service Revenue 230 Interest Payable 231 Deferred Gross Profit 299 Other Liabilities Owner's Equity Accounts 300 Owner's capital 311 Share Capital-Ordinary 320 Retained Earnings 330 Capital contributions 332 Dividends 350 Income Summary 360 Drawings (Distributions) Revenue Accounts 400 Rental Income 410 Sales Income 420 Interest Income 499 Other 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 805 Interest Expense 999 Other Expenses
Equity Accounts (for corporations)
300Dividend 310Capital in excess of par 330Retained earnings
