Chart of accounts

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Revision as of 11:56, 16 November 2018 by Gary (talk | contribs) (Simple chart of accounts)
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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
GroupTo be used inCategoryAccount codeAccount name
Balance Sheet AccountsBalance sheetAsset 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 AccountsIncome statementRevenue 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