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

To be used in	Category	Account code	Account name
Balance sheet	Assets	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

The following transactions resulted for Mel's Delivery Service during the month of July of 2018:

Mel's Delivery Service's operations, July of 2018

Transaction date	Transaction reference	Transaction description
July 1	A	Mel invested $10,000 in the business from his personal savings account
July 5	B	Bought delivery trucks on account, $17,000
July 9	C	Advertising bill received but unpaid, $700
July 12	D	Bought office equipment for cash, $1,200
July 19	E	Received cash for delivery services rendered, $15,000
July 21	F	Paid salaries expense, $3,000
July 22	G	Paid gas expense for company trucks, $1,250
July 25	H	Billed customers for delivery services rendered, $4,000
July 26	I	Paid telephone bill, $300
July 27	J	Received $3,000 as partial payment of transaction H
July 29	K	Mel paid home telephone bill from company checkbook, $150

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