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Chart of Accounts

1. The document outlines a chart of accounts for tracking financial information including assets, liabilities, equity, income and expenses. 2. Assets are broken down into current assets like cash, inventory, and prepaid expenses, as well as fixed assets such as land, buildings, equipment and intangible assets. 3. Liabilities include current liabilities like accounts payable, accrued expenses and notes payable within 1 year, as well as long-term liabilities like mortgage payable and notes payable beyond 1 year. Equity includes stock accounts.

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Naveed 205
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331 views4 pages

Chart of Accounts

1. The document outlines a chart of accounts for tracking financial information including assets, liabilities, equity, income and expenses. 2. Assets are broken down into current assets like cash, inventory, and prepaid expenses, as well as fixed assets such as land, buildings, equipment and intangible assets. 3. Liabilities include current liabilities like accounts payable, accrued expenses and notes payable within 1 year, as well as long-term liabilities like mortgage payable and notes payable beyond 1 year. Equity includes stock accounts.

Uploaded by

Naveed 205
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Chart of accounts

1- Balance sheet (1000-2299)


Assets (1000-1999)
Current assets (1000-1399)
1000 cash in banks
1010 cash on hand
1030 petty cash
1050 notes receivable
1060 accounts receivable
1061 allowance for doubtful accounts
1100 Merchandise inventory
1200 prepaid rent
1210prepaid taxes
1220 other prepaid expenses
1300 deposits
Fixed assets (1400-1499)
1400 land
1420 building
1421 accuulated depreciation!building
1430 e"uipent
1431 accuulated depreciation! e"uipent
1440 cars
1441 accuulated depreciation!cars
1450 furniture and fixtures
1451 accuulated depreciation! furniture and fixtures
Intangile assets (1!00-1!!9)
1500 organi#ation cost
1510 goodwill
1520 other intangible
$ther assets %1600!16&&'
"iailities and ca#ital (2000-2299)
Current liailities (2000-2099)
2000 notes payable
2010 accounts payable
2020 accrued salaries and wages
2030 accrued interest payable
2040 accrued taxes payable
2050 accrued rent payable
2060 other accrued liabilities
20(0 dividends payable
20)0 other current liabilities
"ong-ter$ liailities (2100-2199)
2100 *otes payable %due after one year'
2110 ortgage payable
2120 other long!ter liabilities
%&ner's e(uit) (2200-2299'
2200 preferred stock
2210 coon stock
2220 preiu on stock
2221 discount on stock
2230 retained earnings
Chart of accounts
2 + ,ncoe stateent %3000!3650'
-evenues %3000!304&'
3000 sales
3001 sales returns and allowances
3002 sales discount
.ost of goods sold %3050!30&&'
3050 .ost of goods sold
3060 purchases
3061 purchases returns and allowances
3062 purchases discount
3063 fright!in
/dinistrative and general expenses %3100!32&&'
3100 adinistrative and office salaries
3101 overtie salaries
3102 social security taxes
3103 other payroll taxes
3104 other payroll benefits
3110 rent
3120 light0water0gas
3121 telephone 0 telegraph 0 postage
3130 travel expenses
3140 depreciation!buildings
3141 depreciation !office e"uipent
3142 depreciation!cars
3143 depreciation!furniture and postage
3150 insurance
3160 repairs and aintenance +buildings
3161 repairs and aintenance +e"uipent
3162 repairs and aintenance +cars
31(0 auditing and consult ting expenses
31&0 legal expenses
3200 stationery
3210 donations
3220 iscellaneous adinistrative and general expenses
1elling expenses %3300!3301'
3300 sales salaries
3301 sales overtie salaries
3302 salesen2s coissions
3303 social security taxes
3304 other payroll benefits
3310 rent
3320 light!water!gas
3321 telephone +telegraph! postage
3330 salesen2s travel expenses
3340reciation!buildings
3341reciation !office e"uipent
3342iation!cars
3343reciation!furniture and postage
3350urance
3360airs and aintenance +buildings
3361airs and aintenance +e"uipent
3362airs and aintenance +cars
3363iting and consult ting expenses
!

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