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  • Book 1

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    Majed Ali
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    This document provides an example chart of accounts that could be used to categorize financial transactions. It includes asset, liability, equity, revenue, expense, and other types of accounts organized in a hierarchical structure with general categories and more specific sub-accounts. Some of the top-level categories include current assets, fixed assets, current liabilities, long-term liabilities, equity, revenue, cost of goods sold, and expenses.

    Original Description:

    Manual Made Chart of Accounts

    Original Title

    Book1

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    This document provides an example chart of accounts that could be used to categorize financial transactions. It includes asset, liability, equity, revenue, expense, and other types of accounts organized in a hierarchical structure with general categories and more specific sub-accounts. Some of the top-level categories include current assets, fixed assets, current liabilities, long-term liabilities, equity, revenue, cost of goods sold, and expenses.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    6 views10 pages

    Book 1

    Uploaded by

    Majed Ali
    This document provides an example chart of accounts that could be used to categorize financial transactions. It includes asset, liability, equity, revenue, expense, and other types of accounts organized in a hierarchical structure with general categories and more specific sub-accounts. Some of the top-level categories include current assets, fixed assets, current liabilities, long-term liabilities, equity, revenue, cost of goods sold, and expenses.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 10

    +92307 0016113

    +92301 4369690
    +92209 2198068
    +92318 4539295
    Sample Chart of Accounts
    The following is an example of some of the accounts that might
    be included in a chart of accounts:

    Asset Accounts
    Current Assets

    10000 Petty Cash

    10100 Cash on Hand (e.g. in cash registers)


    10200 Regular Checking Account

    10300 Payroll Checking Account


    10400 Savings Account
    10500 Special Account

    10800 Investments - Money Market


    10900 Investments - Certificates of Deposit

    11000 Accounts Receivable


    11400 Other Receivables

    11500 Allowance for Doubtful Accounts

    Other Current Assets


    12000 Undeposited Funds

    12100 Raw Materials Inventory

    12150 Supplies Inventory


    12200 Work in Progress Inventory
    12300 Finished Goods Inventory - Product #1
    12400 Finished Goods Inventory - Product #2
    12500 Finished Goods Inventory - Product #3
    13100 Pre-paid Insurance
    13200 Prepaid Expenses
    13300 Prepaid Interest

    14000 Employee Advances


    14200 Notes Receivable - Current

    14700 Other Current Assets

    Fixed Assets

    15000 Furniture and Fixtures


    15100 Equipment
    15200 Vehicles
    15300 Other Depreciable Property
    15400 Leasehold Improvements
    15500 Buildings
    15600 Building Improvements
    16900 Land

    17000 Accumulated Depreciation, Furniture and Fixtures


    17100 Accumulated Depreciation, Equipment
    17200 Accumulated Depreciation, Vehicles
    17300 Accumulated Depreciation, Other
    17400 Accumulated Depreciation, Leasehold
    17500 Accumulated Depreciation, Buildings
    17600 Accumulated Depreciation, Building Improvements

    Other Assets

    19000 Deposits

    19100 Organization Costs


    19150 Accumulated Amortization, Organization Costs
    19200 Notes Receivable, Non-current
    19900 Other Non-current Assets

    Liability Accounts
    Current Liabilities

    20000 Accounts Payable

    20500 Quickbook Credit Card


    20600 CalOil Credit Card
    20700 Due To Owner
    Other Current Liabilities

    23000 Accrued Expenses


    23100 Sales Tax Payable

    23200 Wages Payable

    23300 401-K Deductions Payable


    23350 Health Insurance Payable
    23400 Federal Payroll Taxes Payable
    23500 FUTA Tax Payable
    23600 State Payroll Taxes Payable
    23700 SUTA Payable
    23800 Local Payroll Taxes Payable
    23900 FICA Payable
    23910 AEIC Payable
    23920 State Withholding
    24000 Income Taxes Payable

    24100 Other Taxes Payable


    24200 Employee Benefits Payable
    24400 Current Portion of Long-term Debt
    24500 Deposits from Customers

    24800 Other Current Liabilities


    Long-term Liabilities

    27000 Notes Payable


    27020 Land Payable
    27040 Equipment Payable
    27060 Vehicles Payable

    27080 Bank Loans Payable

    27100 Deferred Revenue

    27400 Other Long-term Liabilities

    Equity Accounts

    30000 Opening Balance Equity


    30100 Stated Capital
    30200 Shareholder Distributors

    30300 Capital Surplus


    30400 Retained Earnings

    Revenue Accounts

    40000 Product #1 Sales/Income


    40200 Product #2 Sales/Income
    40400 Product #3 Sales/Income
    40600 Sales Discount
    40800 Shipping & Delivery Income

    Cost of Goods Sold

    50000 Product #1 Cost


    50100 Product #2 Cost
    50200 Product #3 Cost
    50500 Raw Material Purchases

    51000 Direct Labor Costs


    51500 Indirect Labor Costs
    52000 Heat and Power
    52500 Commissions
    53000 Miscellaneous Factory Costs
    54000 Job Expense
    54100 Bond Expense

    57000 Cost of Goods Sold, Salaries and Wages


    57300 Cost of Goods Sold, Contract Labor
    57500 Cost of Goods Sold, Freight
    58000 Cost of Goods Sold, Other

    58500 Inventory Adjustments

    59000 Purchase Returns and Allowances


    59500 Purchase Discounts

    Expenses

    60000 Default Purchase Expense


    60100 Advertising Expense
    60500 Amortization Expense

    60800 Depreciation Expense

    61000 Auto Expenses


    61500 Bad Debt Expense

    62000 Bank Fees

    62500 Office Expense

    62800 Cash Over and Short


    63000 Charitable Contributions Expense
    63500 Commissions and Fees Expense
    63800 Dues and Subscriptions Expense
    64000 Payroll Tax Expense
    64100 Training Expense
    64200 Travel Expense
    64300 Salaries Expense, Officers
    64500 Wages Expense
    64700 Supplies Expense, Office
    64800 Postage Expense
    65900 Repair and Maintenance Expense, Office
    65000 Telephone Expense
    65100 Utilities Expense
    65110 Gas and Electric
    65120 Telephone
    65130 Water

    65500 Freight Expense


    66000 Gifts Expense
    66500 Income Tax Expense, Federal
    66600 Income Tax Expense, State
    66700 Income Tax Expense, Local

    67000 Insurance Expense, Product Liability


    67100 Insurance Expense, Vehicle
    67500 Interest Expense

    68000 Employee Benefit Expense, Health Insurance


    68100 Employee Benefit Expense, Pension Plans
    68200 Employee Benefit Expense, Profit Sharing Plan
    68300 Employee Benefit Expense, Other
    68400 Laundry and Dry Cleaning Expense
    68500 Legal and Professional Expense
    69000 Rent or Lease Expense
    69200 Penalties and Fines Expense
    69300 Licenses Expense
    69500 Loss on NSF Checks

    Other Revenue

    72000 Interest Income

    75700 Finance Charge Income


    75500 Shipping Charges Reimbursed
    78000 Sales Returns and Allowances

    79000 Other Income

    Other Expenses

    80000 Other Expenses

    Others Type of Accounts

    90000 Gain/Loss on Sale of Assets


    90100 Purchase Orders
    90200 Sales Orderd
    90300 Estimates

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