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Account Identify

Account Classification/Accounting

ExampleClassification
Cash Asset
Petty Cash Asset
Accounts Receivable Asset
Inventory Asset
Supplies Asset
Office Supplies Asset
Property and Equipment Asset
Office Equipment Asset
Office Furniture Asset
Accounts Payable Liability
Note Payable - Current Liability
Note Payable - Long-term Liability
John Doe, Capital Owner's Equity
Common Stock Owner's Equity
Retained Earnings Owner's Equity
Sales Revenue
Professional Fees Revenue
Advertising Expense Expense
Bank Service Charges Expense
Depreciation Expense Expense
Insurance Expense Expense
Interest Expense Expense
Miscellaneous Expense Expense
Repairs and Maintenance Expense Expense
Salary Expense Expense
Telephone Expense Expense
Cash in Savings Asset
Payroll Tax Expense Expense
Federal Income Tax Expense Expense
Legal and Professional Expense Expense
Created by: suselizf