Chart of Accounts 02172014

2/17/14 at 15:35:17.53 Page: 1 Muhsin Shop Point Chart of Accounts As of Jan 31, 2014 Filter Criteria includes: Report order is by ID. Report is printed with Accounts having Zero Amounts and in Detail Format. Account ID Account Description Active? Account Type 10000 Cash on Hand Yes Cash 10100 Petty Cash Yes Cash 10200 HBL Bank Yes Cash 10300 Bank Al-Alfalah Yes Cash 10400 Regular Checking Account Yes Cash 11000 Accouns Receiveable Yes Accounts Receivable 11100 Other Receiveable Yes Accounts Receivable 12000 Inventory Yes Inventory 14000 Prepaid Expense Yes Other Current Assets 14100 Empoyee Advance Yes Other Current Assets 14200 Office Supplies Yes Other Current Assets 15000 Office Furniture Yes Fixed Assets 15100 Office Computers Yes Fixed Assets 15200 Automobiles Yes Fixed Assets 15300 Office Buildings Yes Fixed Assets 16000 Acc Dep office furniture Yes Accumulated Depreciation 16100 Acc Dep office Computer Yes Accumulated Depreciation 16200 Acc Dep office Automobile Yes Accumulated Depreciation 17000 Deposits Yes Other Assets 18000 Accounts Payable Yes Accounts Payable 19000 Sales Tax Payble Yes Other Current Liabilities 20000 Other Tax Payale Yes Other Current Liabilities 21000 Bank Loan Yes Long Term Liabilities 22000 Capital Yes Equity-Retained Earnings 22100 Drawings Yes Equity-gets closed 30000 Sales(Other) Yes Income 40000 Services Income Yes Income 40100 Sales Ret and Allow Yes Income 40200 Sales Discount Yes Income 50000 Purchases Yes Cost of Sales 50300 Purchases Ret & Allow Yes Cost of Sales 50400 Purchases Discount Yes Cost of Sales 60000 Rent Expense Yes Expenses 60100 Electricity Bill Yes Expenses 60200 Telephone Bill Yes Expenses 60300 Entertainment Yes Expenses 60400 Adevertisment Yes Expenses 60500 Automobile Yes Expenses 60600 Insurance Yes Expenses 60700 Salaries Yes Expenses 60800 charitable Yes Expenses 60900 Office Supplies Yes Expenses 61000 Other expense Yes Expenses 61100 Income Tax Yes Expenses 61200 Depriciation Expense Yes Expenses 61300 Bad Debts Expense Yes Expenses

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It's for CIMA/ACCA Course:Fundamentals of Financial Accounting.

Transcript of Chart of Accounts 02172014

2/17/14 at 15:35:17.53 Page: 1Muhsin Shop PointChart of AccountsAs of Jan 31, 2014

Filter Criteria includes: Report order is by ID. Report is printed with Accounts having Zero Amounts and in Detail Format.

Account ID Account Description Active? Account Type

10000 Cash on Hand Yes Cash10100 Petty Cash Yes Cash10200 HBL Bank Yes Cash10300 Bank Al-Alfalah Yes Cash10400 Regular Checking Account Yes Cash11000 Accouns Receiveable Yes Accounts Receivable11100 Other Receiveable Yes Accounts Receivable12000 Inventory Yes Inventory14000 Prepaid Expense Yes Other Current Assets14100 Empoyee Advance Yes Other Current Assets14200 Office Supplies Yes Other Current Assets15000 Office Furniture Yes Fixed Assets15100 Office Computers Yes Fixed Assets15200 Automobiles Yes Fixed Assets15300 Office Buildings Yes Fixed Assets16000 Acc Dep office furniture Yes Accumulated Depreciation16100 Acc Dep office Computer Yes Accumulated Depreciation16200 Acc Dep office Automobile Yes Accumulated Depreciation17000 Deposits Yes Other Assets18000 Accounts Payable Yes Accounts Payable19000 Sales Tax Payble Yes Other Current Liabilities20000 Other Tax Payale Yes Other Current Liabilities21000 Bank Loan Yes Long Term Liabilities22000 Capital Yes Equity-Retained Earnings22100 Drawings Yes Equity-gets closed30000 Sales(Other) Yes Income40000 Services Income Yes Income40100 Sales Ret and Allow Yes Income40200 Sales Discount Yes Income50000 Purchases Yes Cost of Sales50300 Purchases Ret & Allow Yes Cost of Sales50400 Purchases Discount Yes Cost of Sales60000 Rent Expense Yes Expenses60100 Electricity Bill Yes Expenses60200 Telephone Bill Yes Expenses60300 Entertainment Yes Expenses60400 Adevertisment Yes Expenses60500 Automobile Yes Expenses60600 Insurance Yes Expenses60700 Salaries Yes Expenses60800 charitable Yes Expenses60900 Office Supplies Yes Expenses61000 Other expense Yes Expenses61100 Income Tax Yes Expenses61200 Depriciation Expense Yes Expenses61300 Bad Debts Expense Yes Expenses