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List of Possible Accounts Name: Account Names Account Types Naturally Entered As

This document lists various account names categorized as assets, liabilities, capital, or expenses that would be used in accounting. Assets include motor vehicles, premises, plant and machinery, land and buildings, fixtures and fittings, office equipment, debtors, cash, and stock. Liabilities include bank loans, creditors, and bank overdrafts. Capital includes the owner's share and withdrawals. Revenue and expense accounts include sales, purchases, wages, rent, and more. The document also indicates whether transactions for each account would normally be entered as debits or credits.

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Bong Kuek Kong
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143 views1 page

List of Possible Accounts Name: Account Names Account Types Naturally Entered As

This document lists various account names categorized as assets, liabilities, capital, or expenses that would be used in accounting. Assets include motor vehicles, premises, plant and machinery, land and buildings, fixtures and fittings, office equipment, debtors, cash, and stock. Liabilities include bank loans, creditors, and bank overdrafts. Capital includes the owner's share and withdrawals. Revenue and expense accounts include sales, purchases, wages, rent, and more. The document also indicates whether transactions for each account would normally be entered as debits or credits.

Uploaded by

Bong Kuek Kong
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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List of possible accounts name

Account Names
Motor Van/Vehicles
Premises
Plant & Machinery
Land & Building
Fixture & Fittings
Office Equipment / Stationery
Debtors
Cash (in hand)
Cash (in bank)
Stock
Bank Loan
Creditors
Bank Overdraft

Account Types
Assets (Fixed)
Assets (Fixed)
Assets (Fixed)
Assets (Fixed)
Assets (Fixed)
Assets (Fixed)
Assets (Current)
Assets (Current)
Assets (Current)
Assets (Current)
Liabilities (Long-term)
Liabilities (Current)
Liabilities (Current)

Naturally entered as
Debit
Debit
Debit
Debit
Debit
Debit
Debit
Debit
Debit
Debit
Credit
Credit
Credit

CAPITAL
Capital (Owner share)
Withdrawings
Sales
Sales Return (Return Inwards)
Commission Received
Discount Received
Interest Received
Purchases
Purchases Return (Return Outward)
Wages / Salaries
Insurance
Light & Heating (Electricity)
Carriage Inwards
Carriage Outwards
Commission Given
Discount Given
Rent expenses
Telephone expenses
General/Sundry expenses
Interest Expenses (on loan)
Bad Debts
Depreciation
Motor Van/Vehicles expenses

Capital
Reduction in Capital
Revenue
Reduction in Revenue
Revenue
Revenue
Revenue
Expenses
Reduction in Expenses
Expenses
Expenses
Expenses
Expenses
Expenses
Expenses
Expenses
Expenses
Expenses
Expenses
Expenses
Expenses
Expenses
Expenses

Credit
Debit
Credit
Debit
Credit
Credit
Credit
Debit
Credit
Debit
Debit
Debit
Debit
Debit
Debit
Debit
Debit
Debit
Debit
Debit
Debit
Debit
Debit

Profit/loss

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