Chart of accounts

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.

Simple chart of accounts

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	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)
Profit & Loss Accounts	Income statement	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