CHART OF ACCOUNTS

CODE ACCOUNT TITLES

Current Assets
A101 Petty Cash
A102 Cash in Bank
A103 Temporary Investments
A104 Accounts Receivable
A105 Allowance for doubtful accounts
A106 Notes Receivable
A107 Interest Receivable
A108 Inventory
A109 Prepaid Expenses
A110 VAT Input Tax

Property and Equipment

A201 Store Furniture and Equipment
A202 Accumulated Depreciation – Store Furniture & Equipment
A203 Office Furniture and Equipment
A204 Accumulated Depreciation – Office Furniture & Equipment
A205 Transport Equipment
A206 Accumulated Depreciation – Transport Equipment

Current Liabilities
L301 Accounts Payable
L302 Notes Payable
L303 Interest Payable
L304 Accrued Expenses
L305 Income Tax Payable
L306 Bank Loan Payable
L307 SSS Premium Payable
L308 Phil. Health Premium Payable
L309 Withholding Tax payable
L310 VAT Output Tax
L311 VAT Payable
L312 Dividends Payable

Long Term Liability

L401 Long Term Bank Loan

Stockholders’ Equity
E501 Capital Stock
E502 Additional Paid-in Capital
E503 Retained Earnings
E504 Dividends

Sales and Related Accounts

S601 Sales
S602 Sales Return and Allowances
S603 Sales Discounts

Purchase and Related Accounts

P701 Purchases
P702 Purchase Returns and Allowances
P703 Purchase Discounts
P704 Freight-In

Operating Expenses
O801 Advertising Expense
O802 Communication Expense
O803 Gasoline and Oil Expense
O804 Insurance Expense
O805 Miscellaneous Expense
O806 Office Supplies Expense
O807 Phil. Health Expense
O808 Rent Expense
O809 Repairs and Maintenance
O810 Salaries and Wages
O811 SSS Premium Expense
O812 Store Supplies Expense
O813 Taxes and Licenses
O814 Utilities Expense
O815 Bad Debts Expense
O816 Depreciation Expense

Other Income and Expense

I901 Interest Income
I902 Interest Expense
I903 Other Income
I904 Other Expense

Income Tax
T1001 Income Tax

SUBSIDIARY ACCOUNTS
Accounts Receivable
R001 Customer 1
R002 Customer 2
R003 Customer 3
R004 Customer 4
R005 Customer 5
R006 Customer 6
R007 Customer 7
R008 Customer 8
R009 Customer 9
R010 Customer 10
R011 Customer 11
R012 Customer 12
R013 Customer 13
R014 Customer 14
R015 Customer 15

Accounts Payable
P001 Creditor 1
P002 Creditor 2
P003 Creditor 3
P004 Creditor 4
P005 Creditor 5
P006 Creditor 6
P007 Creditor 7
P008 Creditor 8
P009 Creditor 9
P010 Creditor 10