Difference between revisions of "Chart of accounts"
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===Profit & Loss Accounts=== | ===Profit & Loss Accounts=== | ||
:<blockquote><table class="wikitable" width=100% style="text-align:center;"><caption>Example of Chart of Profit & Loss Accounts</caption><tr><th>Category</th><th>Account code</th><th>Account 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> | :<blockquote><table class="wikitable" width=100% style="text-align:center;"><caption>Example of Chart of Profit & Loss Accounts</caption><tr><th>Category</th><th>Account code</th><th>Account 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> | ||
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Revision as of 19:12, 16 November 2018
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 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 320 Retained Earnings 330 Capital Contributions 332 Dividends 350 Income Summary
Profit & Loss Accounts
Example of Chart of Profit & Loss Accounts Category Account code Account name 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
