Chart of Accounts

ASSETS
1010 Cash on Hand
1011 Cash in Banks
1012 Petty Cash

1020 Accounts Receivable

1021 Allowance for Bad Debts
1022 Notes Receivable
1023 Advances to Employees and Officers
1024 Interest Receivable

1030 Merchandise Inventory

1040 Office Supplies

1041 Store Supplies
1042 Prepaid Interest
1043 Input VAT

1050 Land
1051 Accumulated Depreciation –Land
1052 Building
1053 Accumulated Depreciation – Building
1054 Store Equipment
1055 Accumulated Depreciation – Store Equip
1056 Office Equipment
1057 Accumulated Depreciation – Office Equip
1058 Transportation Equipment
1059 Accumulated Depreciation – Transpo Equip
1060 Land Improvements
1061 Accumulated Depreciation – Land Imp
1062 Building Improvements
1063 Accumulated Depreciation – Bldg Imp

1070 Trademarks
1071 Accumulated Amortization – Trademarks

LIABILITIES
Accounts Payable
Notes Payable
Insurance Payable
Interest Payable
Legal Fees Payable
Salaries Payable
Employee Benefits Payable
Unearned Revenue
Loans Payable
Dividends Payable
SSS Payable
Phil health Payable
Withholding Tax Payable
Pag-ibig Payable

REVENUE
Sales
Sales Returns and Allowances
Sales Discount
Interest Revenue
Dividend Revenue

EXPENSES
Cost of Goods Sold
Amortization Expense
Depreciation Expense – Land
Depreciation Expense – Building
Depreciation Expense – Store Equip
Depreciation Expense – Office Equip
Depreciation Expense – Transpo Equip
Depreciation Expense – Land Imp
Depreciation Expense – Bldg Imp
Salaries Expense
Miscellaneous Expense
Employee Benefits Expense
Cash Over and Short
Discounts Lost
Interest Expense
Insurance Expense – Transpo Equip
Insurance Expense – Building
Office Supplies Expense
Store Supplies Expense
Advertising Expense
Bad Debts Expense
Legal Fees Expense
General and Admin Expense
Selling Expense
Travel and Entertainment Expense
Utilities Expense
Income Tax Expense
EQUITY
Ordinary Share Capital
Additional Pain in Capital
Retained Earnings
Cash Dividends
Stock Dividends