Account No.

0100
0101
0102
0103
0104
0105
0106
0107
0108
0109
0110
0111
0112
0113
0114
0115
0116
0117
0118
0119
0120
0121
0122
0123
0124

Chart of Accounts ( sole proprietorship)

Account Title
ASSETS
CURRENT ASSETS
Petty Cash
Revolving Fund
Cash on Hand
Undeposited Cheques
Cash in Bank
Accounts Receivable - Trade
Allowance for Bad debts
Accounts Receivable - Non-Trade
Notes Receivable-trade
Notes Receivable-Non trade
Interest Receivale
Installments Receivable

Claims Receivable
Advances to Officers & Employees
Direct Materials Inventory
Office Supplies
Miscellaneous Deposits
Prepaid Expense - Business License
Prepaid Expense - Insurance
Prepaid Expense - Advertising

Prepaid
Prepaid
Prepaid
Prepaid
Prepaid

Expense - Supplies
Expense- Rentals
Expense- real estate taxes
Expenses- Repairs and Maintenance
Expense- Interest

NON-CURRENT ASSETS
0200
0201
0202
0203
0204
0205
0206
0207

Land
Land Appraisal Increase
Building
Accum Deprn - building
Office Equipments
Accum Deprn - Office Equipments
Furnitures & Fixtures
Accum Deprn - furnitures & fixtures

0208
0209
0210
0211
0212
0213
0214
0215
0216
0217
0218
0219
0220
0221

Leasehold Improvements
Accum Deprn- Leasehold Improvements
Service Vehicle
Accum Deprn - service vehicle
Motor Vehicle
Accum Deprn - motor vehicle

Machinery
Accum. Deprn-Machinery
Computer Equipment
Accum. Deprn- computer equipment
Computer Software
Accum. Deprn-computer software
Patents and Licenses, Copyrights
Other Intangible Assets

LIABILITIES
CURRENT LIABILITIES
0300
0301
0302
0303
0304
0305
0306
0307
0308
0309

Accounts Payable-Trade
Salaries Payable
SSS Premium Payable
Pag-ibig Premium Payable
Phil Health Premium Payable
Income Taxes Payable
Other Taxes Payables
Accrued Expenses
Accrued Interest Payable
Advances from Customers
Interest Payable
Rent Payable

0400
0401
0402
0403
0404
0405

NON-CURRENT LIABILITIES
Notes Payable
Bank Loans Payable
Royal Loans payable
Car Loans payable
Housing Loans payable
Short term Loans Payable

0406
0407

0500
0501

Long term Loans - Payable

Unearned Revenue
OWNERS' EQUITY
Owners' Capital
Owners' Drawings

REVENUE
600
601
602
603
604
605
606
607
608
609
610

Sales
Rental Revenue
Commission Income
Interest Income
Service Revenue
Sales Discounts
Sales Returns and Allowances
Sales Promo
Cost of Sales

Gain on sale of equipment

Income summary

0700
0701
0702

COST OF SALES/ COST OF SERVICES

Direct Materials
Direct Labor
Overhead

0800
0801
0802
0803
0804
0805
0806
0807
0808
0809
0810
0811
0812

EXPENSES
Advertising and Promotions
Amortizations
Bad debts Expense
Charitable contributions
Commissions expense
Communications, Lights and water
Depletion Expense
Depreciation Expense
Director's fee
Documentation
Fringe Benefits
Food and Meals
Fuel and Oil

0813
0814
0815
0816
0817
0818
0819
0820
0821
0822
0823
0824
0825
0826
0827
0828
0829
0830
0831
0832
0833
0834

Insurance Expense
Interest Expense
Janitorial and Messengerial Services
Losses
Management and Consultancy Fee
Miscellaneous Expense
Office Supplies Expense
Othe Services
Professional Fees
Rental
Repairs and Maintenance- labor or labor and materials
Repairs and Maintenance- Materials/ Supplies
Representation and Entertainment
Research and Development
Royalties
Salaries and Allowances
Security Services
SSS, GSIS, Philhealth, HDMF and other contributions
Taxes and Licenses
Tolling fees
Training and Seminars
Transportation and travel

Chart of Accounts ( PARTNERSHIP)

Account No. Account Title
ASSETS
CURRENT ASSETS
Petty Cash
0100
Revolving Fund
0101
Cash on Hand
0102
Undeposited Cheques
0103
Cash in Bank
0104
Accounts Receivable - Trade
0105
Allowance for Bad debts
0106
Accounts Receivable - Non-Trade
0107
Notes Receivable-trade
0108
Notes Receivable-Non trade
0109
Interest Receivale
0110
Installments Receivable
0111
0112
Claims Receivable
Advances to Officers & Employees
0113
Direct Materials Inventory
0114
Office Supplies
0115
Miscellaneous Deposits
0116
Prepaid Expense - Business License
0117
Prepaid Expense - Insurance
0118
Prepaid Expense - Advertising
0119
0120
Prepaid Expense - Supplies
0121
Prepaid Expense- Rentals
0122
Prepaid Expense- real estate taxes
0123
Prepaid Expenses- Repairs and Maintenance
0124
Prepaid Expense- Interest

NON-CURRENT ASSETS
0200
0201
0202
0203
0204
0205
0206
0207

Land
Land Appraisal Increase
Building
Accum Deprn - building
Office Equipments
Accum Deprn - Office Equipments
Furnitures & Fixtures
Accum Deprn - furnitures & fixtures

0208
0209
0210
0211
0212
0213
0214
0215
0216
0217
0218
0219
0220
0221

Leasehold Improvements
Accum Deprn- Leasehold Improvements
Service Vehicle
Accum Deprn - service vehicle
Motor Vehicle
Accum Deprn - motor vehicle

Machinery
Accum. Deprn-Machinery
Computer Equipment
Accum. Deprn- computer equipment
Computer Software
Accum. Deprn-computer software
Patents and Licenses, Copyrights
Other Intangible Assets

LIABILITIES
CURRENT LIABILITIES
0300
0301
0302
0303
0304
0305
0306
0307
0308
0309

Accounts Payable-Trade
Salaries Payable
SSS Premium Payable
Pag-ibig Premium Payable
Phil Health Premium Payable
Income Taxes Payable
Other Taxes Payables
Accrued Expenses
Accrued Interest Payable
Advances from Customers
Interest Payable
Rent Payable

0400
0401
0402
0403
0404
0405

NON-CURRENT LIABILITIES
Notes Payable
Bank Loans Payable
Royal Loans payable
Car Loans payable
Housing Loans payable
Short term Loans Payable

0406
0407

0500
0501

Long term Loans - Payable

Unearned Revenue
OWNERS' EQUITY
Owners' Capital
Owners' Drawings

REVENUE
600
601
602
603
604
605
606
607
608
609
610

Sales
Rental Revenue
Commission Income
Interest Income
Service Revenue
Sales Discounts
Sales Returns and Allowances
Sales Promo
Cost of Sales

Gain on sale of equipment

Income summary

0700
0701
0702

COST OF SALES/ COST OF SERVICES

Direct Materials
Direct Labor
Overhead

0800
0801
0802
0803
0804
0805
0806
0807
0808
0809
0810
0811
0812

EXPENSES
Advertising and Promotions
Amortizations
Bad debts Expense
Charitable contributions
Commissions expense
Communications, Lights and water
Depletion Expense
Depreciation Expense
Director's fee
Documentation
Fringe Benefits
Food and Meals
Fuel and Oil

0813
0814
0815
0816
0817
0818
0819
0820
0821
0822
0823
0824
0825
0826
0827
0828
0829
0830
0831
0832
0833
0834

Insurance Expense
Interest Expense
Janitorial and Messengerial Services
Losses
Management and Consultancy Fee
Miscellaneous Expense
Office Supplies Expense
Othe Services
Professional Fees
Rental
Repairs and Maintenance- labor or labor and materials
Repairs and Maintenance- Materials/ Supplies
Representation and Entertainment
Research and Development
Royalties
Salaries and Allowances
Security Services
SSS, GSIS, Philhealth, HDMF and other contributions
Taxes and Licenses
Tolling fees
Training and Seminars
Transportation and travel

Chart of Accounts ( CORPORATION)

Account No.
Account Title
ASSETS
CURRENT ASSETS
Petty Cash
0100
Revolving Fund
0101
Cash on Hand
0102
Undeposited Cheques
0103
Cash in Bank
0104
Accounts Receivable - Trade
0105
Allowance for Bad debts
0106
Accounts Receivable - Non-Trade
0107
Notes Receivable-trade
0108
Notes Receivable-Non trade
0109
Interest Receivale
0110
Installments Receivable
0111
0112
Claims Receivable
Advances to Officers & Employees
0113
Direct Materials Inventory
0114
Office Supplies
0115
Miscellaneous Deposits
0116
Prepaid Expense - Business License
0117
Prepaid Expense - Insurance
0118
Prepaid Expense - Advertising
0119
0120
Prepaid Expense - Supplies
0121
Prepaid Expense- Rentals
0122
Prepaid Expense- real estate taxes
0123
Prepaid Expenses- Repairs and Maintenance
0124
Prepaid Expense- Interest

NON-CURRENT ASSETS
0200
0201
0202
0203
0204
0205
0206

Land
Land Appraisal Increase
Building
Accum Deprn - building
Office Equipments
Accum Deprn - Office Equipments
Furnitures & Fixtures

0207
0208
0209
0210
0211
0212
0213
0214
0215
0216
0217
0218
0219
0220
0221

Accum Deprn - furnitures & fixtures

Leasehold Improvements
Accum Deprn- Leasehold Improvements
Service Vehicle
Accum Deprn - service vehicle
Motor Vehicle
Accum Deprn - motor vehicle

Machinery
Accum. Deprn-Machinery
Computer Equipment
Accum. Deprn- computer equipment
Computer Software
Accum. Deprn-computer software
Patents and Licenses, Copyrights
Other Intangible Assets

LIABILITIES
CURRENT LIABILITIES
0300
0301
0302
0303
0304
0305
0306
0307
0308
0309

Accounts Payable-Trade
Salaries Payable
SSS Premium Payable
Pag-ibig Premium Payable
Phil Health Premium Payable
Income Taxes Payable
Other Taxes Payables
Accrued Expenses
Accrued Interest Payable
Advances from Customers
Interest Payable
Rent Payable

0400
0401
0402
0403
0404

NON-CURRENT LIABILITIES
Notes Payable
Bank Loans Payable
Royal Loans payable
Car Loans payable
Housing Loans payable

0405
0406
0407

0500
0501

Short term Loans Payable

Long term Loans - Payable

Unearned Revenue
OWNERS' EQUITY
Owners' Capital
Owners' Drawings

REVENUE
600
601
602
603
604
605
606
607
608
609
610

Sales
Rental Revenue
Commission Income
Interest Income
Service Revenue
Sales Discounts
Sales Returns and Allowances
Sales Promo
Cost of Sales

Gain on sale of equipment

Income summary

0700
0701
0702

COST OF SALES/ COST OF SERVICES

Direct Materials
Direct Labor
Overhead

0800
0801
0802
0803
0804
0805
0806
0807
0808
0809
0810
0811

EXPENSES
Advertising and Promotions
Amortizations
Bad debts Expense
Charitable contributions
Commissions expense
Communications, Lights and water
Depletion Expense
Depreciation Expense
Director's fee
Documentation
Fringe Benefits
Food and Meals

0812
0813
0814
0815
0816
0817
0818
0819
0820
0821
0822
0823
0824
0825
0826
0827
0828
0829
0830
0831
0832
0833
0834

Fuel and Oil

Insurance Expense
Interest Expense
Janitorial and Messengerial Services
Losses
Management and Consultancy Fee
Miscellaneous Expense
Office Supplies Expense
Othe Services
Professional Fees
Rental
Repairs and Maintenance- labor or labor and materials
Repairs and Maintenance- Materials/ Supplies
Representation and Entertainment
Research and Development
Royalties
Salaries and Allowances
Security Services
SSS, GSIS, Philhealth, HDMF and other contributions
Taxes and Licenses
Tolling fees
Training and Seminars
Transportation and travel

materials