Chart of Accounts - Example

This example Chart of Accounts demonstrates how the various Transactions relate to the Balance Sheet and Income Statement reports.

Refer to the 'Inventory and Accounting Definitions' page for the definition of terms found in the table below.

Balance Sheet Accounts

Assets
	Current Assets (account numbers 10000 - 16999)
	10100 Cash - Regular Checking 10200 Cash - Payroll Checking 10600 Petty Cash Fund 12100 Accounts Receivable 12500 Allowance for Doubtful Accounts 13100 Inventory 14100 Supplies 15300 Prepaid Insurance
	Property, Plant, and Equipment (account numbers 17000 - 18999)
	17000 Land17100 Buildings 17300 Equipment 17800 Vehicles 18100 Accumulated Depreciation - Buildings 18300 Accumulated Depreciation - Equipment 18800 Accumulated Depreciation - Vehicles
Liabilities
	Current Liabilities (account numbers 20030 - 24999)
	20130 Notes Payable - Credit Line #1 20230 Notes Payable - Credit Line #2 21000 Accounts Payable 22100 Wages Payable 23100 Interest Payable 24500 Unearned Revenues
	Long-term Liabilities (account numbers 25000 - 26999)
	25100 Mortgage Loan Payable 25600 Bonds Payable 25650 Discount on Bonds Payable
Owner's (Stockholders') Equity
	Stockholders' Equity (account numbers 27000 - 29999)

Operating Revenue
	Operating Revenues (account numbers 30000 - 39999)
	31010 Sales - Division #1, Product Line 010 31022 Sales - Division #1, Product Line 022 32018 Sales - Division #2, Product Line 015 33110 Sales - Division #3, Product Line 110
Operating Expenses
	Cost of Goods Sold (account numbers 40000 - 49999)
	41010 COGS - Division #1, Product Line 010 41022 COGS - Division #1, Product Line 022 42018 COGS - Division #2, Product Line 015 43110 COGS - Division #3, Product Line 110
Non-operating Revenue and Gains
	Marketing Expenses (account numbers 50000 - 50999)
	50100 Marketing Dept. Salaries 50150 Marketing Dept. Payroll Taxes 50200 Marketing Dept. Supplies 50600 Marketing Dept. Telephone
Non-operating Expenses and Losses
	Payroll Dept. Expenses (account numbers 59000 - 59999)
	59100 Payroll Dept. Salaries 59150 Payroll Dept. Payroll Taxes 59200 Payroll Dept. Supplies 59600 Payroll Dept. Telephone
	Other (account numbers 90000 - 99999)
	91800 Gain on Sale of Assets 96100 Loss on Sale of Assets

Source: Chart of Accounts | Explanation | AccountingCoach
http://www.accountingcoach.com/chart-of-accounts/explanation
Accesses 7-30-2018

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