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Account Identify
Account Classification/Accounting
| Example | Classification |
|---|---|
| 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
Popular Accounting sets