Detailed Chart of Accounts
10 Assets
100 Current Assets 1000 Cash in Bank 1020 Accounts Receivable 1040 Inventory
140 Fixed Assets
1420 Accumulated Depreciation
1440 Fixed Assets
150 Other Assets
1510 Undeposited Funds
1520 Customer Deposit
1540 Loans
20 Liabilities & Equity 200 Liabilities
210 Current Liabilities 2100 Accounts Payable
2150 Uninvoiced Receiving
2200 Payroll Taxes 2250 Sales Tax
240 Long Term Liabilities
2410 Bank One Loan
2420 Line Of Credit
2450 Truck Loan 300 Equity
3100 Owner’s Capital 3500 Retained Earnings
3999 Current Year Profit <Loss>
40 Revenue 4000 Taxable Sales 4010 Non-Taxable Sales 4040 AR Payment Discount
50 Cost of Goods Sold
5000 Cost of Goods
5010 Freight
5020 Purchase Discount
5030 Purchase Price Variance