Chart Of Accounts

SR# Account Name Account Group Status Actions
1 Cash in Hand Current Assets
2 Petty Cash Current Assets
3 Cash At Bank Current Assets
4 Accounts Receivables Current Assets
5 Allowance for doubtful accounts Current Assets
6 Inventory Inventory Assets
7 Stocks of Raw Materials Inventory Assets
8 Stocks of Work In Progress Inventory Assets
9 Stocks of Finished Goods Inventory Assets
10 Goods Received Clearing account Inventory Assets
11 Office Furniture and Equipment Capital Assets
12 Accum. Amort. - Furn. and Equip. Capital Assets
13 Accum. Amort. - Vehicle Capital Assets
14 Accounts Payable Current Liabilities
15 Withholding Tax Current Liabilities
16 Accrued Franchise Tax Current Liabilities
17 Purchase Tax Current Liabilities
18 Sales Tax Current Liabilities
19 Bank Loans Long Term Liabilities
20 Loans from Shareholders Long Term Liabilities
21 Common Shares Share Capital
22 Opening Balance Equity Share Capital
23 Reserves and Surplus Retained Earnings
24 Sales Sales Revenue
25 BALANCE SHEET Sales Revenue
26 REGISTRATION Sales Revenue
27 Shipping and Handling Other Revenue
28 Fees Income Other Revenue
29 Interest Other Revenue
30 Foreign Exchange Gain Other Revenue
31 Prompt Payment Discounts Other Revenue
32 Discounts Given Other Revenue
33 Cost of Goods Sold - Retail Cost of Goods Sold
34 Material Usage Varaiance Cost of Goods Sold
35 Consumable Materials Cost of Goods Sold
36 Purchase Price Variance Cost of Goods Sold
37 Purchases of Materials Cost of Goods Sold
38 Discounts Received Cost of Goods Sold
39 Freight Cost of Goods Sold
40 Wages and Salaries Payroll Expenses
41 TAX DEPARTMENT Payroll Expenses
42 Accounting and Legal General and Admin Expenses
43 Advertising and Promotions General and Admin Expenses
44 Bad Debts General and Admin Expenses
45 Postage General and Admin Expenses
46 Photocopy Exp. General and Admin Expenses
47 Stationary General and Admin Expenses
48 Charity General and Admin Expenses
49 Discount General and Admin Expenses
50 Motor Cycle Exp. General and Admin Expenses
51 News Paper Exp. General and Admin Expenses
52 Computer Exp. General and Admin Expenses
53 Car Exp. General and Admin Expenses
54 MISC. Exp. General and Admin Expenses
55 Amortization Expense General and Admin Expenses
56 Insurance General and Admin Expenses
57 Interest and Bank Charges General and Admin Expenses
58 Office Supplies General and Admin Expenses
59 Traveling Exp. General and Admin Expenses
60 Repair and Maintenance General and Admin Expenses
61 Telephone & Mobile General and Admin Expenses
62 Entertainment General and Admin Expenses
63 Utilities (E.BILL) General and Admin Expenses
64 BANK SERVICE CHARGES General and Admin Expenses
65 Foreign Exchange Loss General and Admin Expenses
66 Profit and Loss General and Admin Expenses
67 Department General and Admin Expenses
68 Purchases Inventory Assets
69 Purchases Returns Inventory Assets
70 Sales Returns Sales Revenue
71 GSS Expense General and Admin Expenses
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