Chart of accounts
Contents
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
