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    Chart of Account

    Uploaded by

    Tusshar Ahmed
    This document outlines a basic chart of accounts for bookkeeping, including asset, liability, equity, revenue and expense accounts. Assets are listed on the left side and include current assets like cash, accounts receivable, and inventory as well as fixed assets like buildings, machinery and land. Liabilities are shown in the center and include current liabilities such as accounts payable and taxes payable along with long-term liabilities such as notes payable and loans payable. Owners' equity is listed on the right side with accounts for initial capital, retained earnings, and drawings. Revenue and expense accounts are grouped at the bottom.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Chart of Account

    Uploaded by

    Tusshar Ahmed
    119 views1 page
    This document outlines a basic chart of accounts for bookkeeping, including asset, liability, equity, revenue and expense accounts. Assets are listed on the left side and include current assets like cash, accounts receivable, and inventory as well as fixed assets like buildings, machinery and land. Liabilities are shown in the center and include current liabilities such as accounts payable and taxes payable along with long-term liabilities such as notes payable and loans payable. Owners' equity is listed on the right side with accounts for initial capital, retained earnings, and drawings. Revenue and expense accounts are grouped at the bottom.

    Original Title

    chart of account

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    This document outlines a basic chart of accounts for bookkeeping, including asset, liability, equity, revenue and expense accounts. Assets are listed on the left side and include current assets like cash, accounts receivable, and inventory as well as fixed assets like buildings, machinery and land. Liabilities are shown in the center and include current liabilities such as accounts payable and taxes payable along with long-term liabilities such as notes payable and loans payable. Owners' equity is listed on the right side with accounts for initial capital, retained earnings, and drawings. Revenue and expense accounts are grouped at the bottom.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    119 views1 page

    Chart of Account

    Uploaded by

    Tusshar Ahmed
    This document outlines a basic chart of accounts for bookkeeping, including asset, liability, equity, revenue and expense accounts. Assets are listed on the left side and include current assets like cash, accounts receivable, and inventory as well as fixed assets like buildings, machinery and land. Liabilities are shown in the center and include current liabilities such as accounts payable and taxes payable along with long-term liabilities such as notes payable and loans payable. Owners' equity is listed on the right side with accounts for initial capital, retained earnings, and drawings. Revenue and expense accounts are grouped at the bottom.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Chart of Accounts

    Assets Liabilities Owners Equity


    Capital(+) Revenue(+ Expense(-) Drawing(-)
    )
    (+) Debit (+) Credit (+) Credit (+) Credit (+) Debit (+) Debit
    (-) Credit (-) Debit (-) Debit (-) Debit (-) Credit (-) Credit
    Current Assets Current Initial Capital Service Advertising Drawing
    Liabilities Revenue
    Cash Accounts Reinvestment Interest Rent Expense
    Payable Income
    Accounts Taxes Payable Retained Gain on Sale of Salaries
    Receivable Earnings Equipment Expense
    Notes Salaries Other Income Utilities
    Receivable Payable Expense
    Interest Rent Payable Interest
    Receivable Expense
    Supplies Interest Depreciation
    Payable Expense
    Inventory Unearned Amortization
    Revenue Expense
    Bank Wages Freight
    Accounts Payable Expense
    Prepaid Other Current Insurance
    Expenses Liabilities Expense
    Fixed Asset Long Term Maintenance
    Liabilities Expense
    Buildings Notes Payable Postage
    Expense
    Machinery Loans Payable Training
    & Equipment Expense
    Vehicles Wages
    Expense
    Computer Travel Expense
    Equipment
    Furniture Office Expense
    & Fixtures
    Land Entertainment
    Expense
    Bank Charges
    Commission
    Expense
    Repairs
    Expense

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