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    Chart of Account

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    sana82966534
    This document lists asset, liability, and equity account codes and names for a company. It includes current assets like cash, accounts receivable, inventory. Fixed assets such as furniture, equipment, buildings. It also includes liability accounts like accounts payable, payroll liabilities. Equity accounts include capital stock and retained earnings. Revenue and expense accounts are provided for items like sales, cost of goods sold, operating expenses.

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    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd

    Chart of Account

    Uploaded by

    sana82966534
    394 views5 pages
    This document lists asset, liability, and equity account codes and names for a company. It includes current assets like cash, accounts receivable, inventory. Fixed assets such as furniture, equipment, buildings. It also includes liability accounts like accounts payable, payroll liabilities. Equity accounts include capital stock and retained earnings. Revenue and expense accounts are provided for items like sales, cost of goods sold, operating expenses.

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    © Attribution Non-Commercial (BY-NC)

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    This document lists asset, liability, and equity account codes and names for a company. It includes current assets like cash, accounts receivable, inventory. Fixed assets such as furniture, equipment, buildings. It also includes liability accounts like accounts payable, payroll liabilities. Equity accounts include capital stock and retained earnings. Revenue and expense accounts are provided for items like sales, cost of goods sold, operating expenses.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    394 views5 pages

    Chart of Account

    Uploaded by

    sana82966534
    This document lists asset, liability, and equity account codes and names for a company. It includes current assets like cash, accounts receivable, inventory. Fixed assets such as furniture, equipment, buildings. It also includes liability accounts like accounts payable, payroll liabilities. Equity accounts include capital stock and retained earnings. Revenue and expense accounts are provided for items like sales, cost of goods sold, operating expenses.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 5
    At a glance
    Powered by AI
    The document provides an overview of common accounting accounts used to track assets, liabilities, equity, revenues and expenses for a business.

    The document describes current assets like cash, accounts receivable, inventory as well as fixed assets. It also discusses current and long-term liability accounts.

    Some revenue accounts mentioned include product sales and interest income. Expense accounts include advertising, depreciation, salaries and utilities.

    Asset Accounts Current Assets

    1000 1010 1020 1030 1040 1050 1060 1070 1100 1140 1150 1200 1205 1210 1215 1220 1230 1400 1410 1420 1430 1470

    Petty Cash Cash on Hand (e.g. in cash registers) Regular Checking Account Payroll Checking Account Savings Account Special Account Investments - Money Market Investments - Certificates of Deposit Accounts Receivable Other Receivables Allowance for Doubtful Accounts Raw Materials Inventory Supplies Inventory Work in Progress Inventory Finished Goods Inventory - Product #1 Finished Goods Inventory - Product #2 Finished Goods Inventory - Product #3 Prepaid Expenses Employee Advances Notes Receivable - Current Prepaid Interest Other Current Assets

    Fixed Assets

    1500 1510 1520 1530 1540 1550

    Furniture and Fixtures Equipment Vehicles Other Depreciable Property Leasehold Improvements Buildings

    1560 1690 1700 1710 1720 1730 1740 1750 1760

    Building Improvements Land Accumulated Depreciation, Furniture and Fixtures Accumulated Depreciation, Equipment Accumulated Depreciation, Vehicles Accumulated Depreciation, Other Accumulated Depreciation, Leasehold Accumulated Depreciation, Buildings Accumulated Depreciation, Building Improvements

    Other Assets

    1900 1910 1915 1920 1990

    Deposits Organization Costs Accumulated Amortization, Organization Costs Notes Receivable, Non-current Other Non-current Assets

    Liability Accounts Current Liabilities

    2000 2300 2310 2320 2330 2335 2340 2350 2360 2370 2380 2390 2400

    Accounts Payable Accrued Expenses Sales Tax Payable Wages Payable 401-K Deductions Payable Health Insurance Payable Federal Payroll Taxes Payable FUTA Tax Payable State Payroll Taxes Payable SUTA Payable Local Payroll Taxes Payable Income Taxes Payable Other Taxes Payable

    2410 2420 2440 2480

    Employee Benefits Payable Current Portion of Long-term Debt Deposits from Customers Other Current Liabilities

    Long-term Liabilities

    2700 2702 2704 2706 2708 2710 2740

    Notes Payable Land Payable Equipment Payable Vehicles Payable Bank Loans Payable Deferred Revenue Other Long-term Liabilities

    Equity Accounts

    3010 3020 3030

    Stated Capital Capital Surplus Retained Earnings

    Revenue Accounts

    4000 4020 4040 4060 4080 4540 4550 4800 4900

    Product #1 Sales Product #2 Sales Product #3 Sales Interest Income Other Income Finance Charge Income Shipping Charges Reimbursed Sales Returns and Allowances Sales Discounts

    Cost of Goods Sold

    5000 5010 5020 5050 5100 5150 5200 5250 5300 5700 5730 5750 5800 5850 5900 5950

    Product #1 Cost Product #2 Cost Product #3 Cost Raw Material Purchases Direct Labor Costs Indirect Labor Costs Heat and Power Commissions Miscellaneous Factory Costs Cost of Goods Sold, Salaries and Wages Cost of Goods Sold, Contract Labor Cost of Goods Sold, Freight Cost of Goods Sold, Other Inventory Adjustments Purchase Returns and Allowances Purchase Discounts

    Expenses

    6000 6010 6050 6100 6150 6200 6250 6300 6350 6400 6450 6500 6510

    Default Purchase Expense Advertising Expense Amortization Expense Auto Expenses Bad Debt Expense Bank Fees Cash Over and Short Charitable Contributions Expense Commissions and Fees Expense Depreciation Expense Dues and Subscriptions Expense Employee Benefit Expense, Health Insurance Employee Benefit Expense, Pension Plans

    6520 6530 6550 6600 6650 6660 6670 6700 6710 6750 6800 6850 6900 6950 7000 7050 7100 7200 7250 7300 7350 7400 7450 7460 7550 7600 7620 7650 7700 7750 7800 8900 9000

    Employee Benefit Expense, Profit Sharing Plan Employee Benefit Expense, Other Freight Expense Gifts Expense Income Tax Expense, Federal Income Tax Expense, State Income Tax Expense, Local Insurance Expense, Product Liability Insurance Expense, Vehicle Interest Expense Laundry and Dry Cleaning Expense Legal and Professional Expense Licenses Expense Loss on NSF Checks Maintenance Expense Meals and Entertainment Expense Office Expense Payroll Tax Expense Penalties and Fines Expense Other Taxes Postage Expense Rent or Lease Expense Repair and Maintenance Expense, Office Repair and Maintenance Expense, Vehicle Supplies Expense, Office Telephone Expense Training Expense Travel Expense Salaries Expense, Officers Wages Expense Utilities Expense Other Expense Gain/Loss on Sale of Assets

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