Account Categories:

Asset:

  • Cash
  • Equipments
  • Fix Assets
  • Supplies
  • Prepaid: tax, insurance, rent
  • Intangible Asset: goodwill

Liability:

  • Trade Payable
  • Bond Payable
  • Non Trade Payable
  • Accrued (acrual basis)

Equity:

  • Shareholder Stock
  • Retained Earnings
  • Net Income
  • Dividen

Revenues:

  • Sales Revenues
  • Other Revenues
  • Purchase Discount
  • Interest Income

Expenses:

  • Sales Discount
  • Raw Material Cost
  • Direct Labour Cost
  • Indirect Labour Cost
  • Overhead Cost
  • Interest Expense
  • Salary Expense

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