Chart of Accounts

Posted by Professor Cram in Accounting Cycle

Chart of Accounts – Introduction

The chart of accounts is a numerical listing of all identified accounts used by a company to record transactions. As part of the accounting cycle, the chart of accounts is used in the journaling process (i.e., performing journal entries) and also serves as the title for each ledger. All the accounts will be filed under one of five categories:

  • Assets
  • Liabilities
  • Owner’s Equity
  • Revenue
  • Expenses

Each account can be assigned a number for identification purposes. Most systems will assign a block of numbers to one of the five categories to be applied to the sub-categories. Some charts leave gaps of numbers between the sub-category listings to allow for the addition of new accounts.

Example Chart of Accounts

Chart of Accounts: Bogus Manufacturing

100-199 Assets

  • 100-109 Cash
    • 101 Cash – Regular Checking
    • 102 Cash – Payroll Checking
    • 103 Cash, Change, or Petty Cash Fund
  • 110-119 Receivables
    • 111 Accounts Receivable
    • 112 Due from Employees
    • 113 Notes Receivable
  • 120-129 Property, Plant, and Equipment
    • 121 Land
    • 122 Buildings
    • 123 Equipment
    • 124 Vehicles

200-299 Liabilities

  • 200-209 Current Liabilities
    • 201 Notes Payable – Credit Line
    • 202 Accounts Payble
    • 203 Wages and Salaries Payable
    • 204 Taxes Payable
  • 210-219 Long-term Liabilities
    • 211 Mortgage Loan Payable
    • 212 Bonds Payable, due 2015
    • 213 Discounts on Bonds Payable

300-399 Owner’s Equity

  • 300-309 Stock
    • 301 Preferred Stock
    • 302 Common Stock
    • 303 Retained Earnigs

400-499 Revenues

  • 400-409 Product Sales
    • 401 Store #1 Sales
    • 402 Store #2 Sales
    • 403 Store #3 Sales
  • 410-419 Other Income
    • 411 Interest Revenue

500-599 Expenses

  • 500-509 Insurance
    • 501 Disability Insurance
    • 502 Property & Casualty
  • 500-509 Interest Expense
    • 501 Finance Charge
    • 502 Loan Interest
    • 503 Mortgage


24 Responses to “Chart of Accounts”

  1. MAJYAMBERE says:

    suppose you are on the are asked to prepare(to fill) this chart of account.
    show me the chart of account format to used. if possible including figures.

  2. senuke cr senuke cr says:

    Wow, that’s what I was looking for, what a data! present here at this website, thanks admin of this web page.

  3. safe seo software to rank on google says:

    Use the finest seo software package to rank 1st on google.
    Enhance your visibility, your rank and your seo. Never believe that
    me, try this remarkable web optimization computer software for totally
    free and see the energy of high-quality and good inbound links.
    Content url building and prepare you to rank greater and receive flood of targeted trafic which seriously convert.

  4. webpage says:

    Why do not you create far more about this subject?
    Do you might have any other blogs on other sites?

  5. range hood filters says:

    It’s amazing designed for me to have a web page, which is helpful designed for my knowledge.
    thanks admin

  6. Portland rhinoplasty says:

    If implants are employed this adds to the area of wound infections.
    It normally include small revisions or significant reshaping from the nose.

    For the end, examine tip projection, rotation, support, alar and columellar retraction, over-aggressive alar base reduction, reducing lateral crural characteristics including over-resection, cephalically oriented or bossa formation.

  7. PillPack Bonus Code says:

    Hello, i think that i noticed you visited my
    weblog so i got here to return the want?.I’m attempting to find issues to
    enhance my site!I suppose its good enough to use a few of your ideas!!

  8. granit workshop says:

    Creative interior design group is one of the best stone manufacturers which is an Egypt based company use to extract the raw stones from the mines and then finishes the stones with high design and also
    in reasonable price. This is one of the great remodeling
    projects that you can carry out. Outdoors: Adding a spa, automatic sprinklers, a
    misting system on the patio, or outdoor lighting for security or beauty will all require more electricity.

  9. stroller reviews 2014 says:

    I visited multiple sites except the audio quality for audio songs present
    at this site is actually marvelous.

  10. says:

    Howdy just wanted to give you a quick heads up and let
    you know a feww of the images aren’t loading correctly.
    I’m not sure why but I think its a linking issue.
    I’ve tried it in two different internet browsers and
    both show the same outcome.

  11. clash of clans tricj says:

    This article will help the internet visitors for setting up new website or even a weblog from start to end.

  12. Loop Activity Tracker says:

    Appreciate the recommendation. Let me try it

    my blog post Loop Activity Tracker

  13. บ้าน says:

    Wonderful items from you, man. I’ve take into accout
    your stuff prior to and you are simply extremely fantastic.
    I actually like what you have acquired right here, certainly like what you’re stating and the way in which you are saying it.
    You make it enjoyable and you continue to care for to keep
    it smart. I can not wait to learn far more from you.

    That is really a terrific website.

  14. clash of gem says:

    Your style is so unique in comparison to other folks I’ve read stuff from. Many thanks for posting when you have the opportunity, Guess I’ll just bookmark this site.

  15. Lawrence Joeckel says:

    The very root of your writing while sounding reasonable at first, did not really work perfectly with me after some time. Someplace throughout the paragraphs you were able to make me a believer unfortunately only for a short while. I nevertheless have got a problem with your leaps in logic and one might do well to fill in all those breaks. In the event you can accomplish that, I would certainly end up being fascinated.

  16. Chasity Bowan says:

    Together with every thing that appears to be building inside this subject material, your opinions are very stimulating. However, I appologize, but I do not give credence to your entire strategy, all be it stimulating none the less. It would seem to me that your comments are generally not completely justified and in simple fact you are generally your self not really completely certain of the argument. In any event I did enjoy looking at it.

  17. Anissa Shifferd says:

    I believe one of your ads caused my web browser to resize, you might want to put that on your blacklist.

  18. Sharla Aeschlimann says:

    Appreciating the commitment you put into your website and in depth information you provide. It’s good to come across a blog every once in a while that isn’t the same old rehashed information. Fantastic read! I’ve bookmarked your site and I’m adding your RSS feeds to my Google account.

  19. Son Buonaiuto says:

    Hey there, I think your website might be having browser compatibility issues. When I look at your blog in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, very good blog!

  20. Danny DeMichele says:

    We have a very close relationship with all our clients and we set very clear objectives toward reaching their goal and providing the top leading services only in comparison to much larger higher priced boutiques at affordable rates.

  21. Wilford Lasaint says:

    I went over this website and I believe you have a lot of wonderful info , saved to favorites (:.

  22. Julia Gushwa says:

    We stumbled over here different website and thought I should check things out. I like what I see so now i am following you. Look forward to looking at your web page again.

  23. Last Witch Hunter Jacket Coat says:

    Hey There. I found your blog the usage of msn. This is a very neatly written article. I’ll make sure to bookmark it and return to read extra of your useful info. Thank you for the post. I will definitely return.

  24. swedish bomber jacket says:

    The following time I learn a weblog, I hope that it doesnt disappoint me as a lot as this one. I mean, I know it was my option to learn, but I really thought youd have one thing attention-grabbing to say. All I hear is a bunch of whining about one thing that you may fix in the event you werent too busy looking for attention.

Leave a Reply