Karachi Motors

Chart of Accounts
As of Jul 31, 2012
Filter Criteria includes: Report order is by ID. Report is printed with Accounts having Zero Amounts and in Detail Format.

Assets
Account ID Description Account Type Quick Books Tally
1000 Cash in Hand Cash Other Current Assets Cash In Hand
1001 A/c Receivable A/c Receivable Acct Receiavable Sundry Debtor
1002 Petty Cash Cash Other Current Assets Cash In Hand
1003 Bank(MCB) Cash Bank Bank Account
1004 Inventory Inventory Other Current Assets Stock In Hand
1005 Office Furniture Fixed Assets Fixed Assets Fixed Assets
1006 Office Supplies Othe Current Assets Other Current Assets Current Assets
1007 Allowance For Dep Accumlated Depreciation Fixed Assets Current Assets
Liabilities
2000 A/c Payable A/c Payable Acct Payable Sundry Creditor
2001 Salaries Payable Other Current Liabilities Other Current Liabilities Current Liabilities
2002 Accrued Payable Other Current Liabilities Other Current Liabilities Current Liabilities
2003 Unearned Commission Other Current Liabilities Other Current Liabilities Current Liabilities
2004 Sales Tax Other Current Liabilities Other Current Liabilities Duties and Taxes
2005 Bank Over Draft Other Current Liabilities Other Current Liabilities Bank OD
2006 Mortgage Payable Long term Liability Long term Liability Secured Loan
2007 Income Tax Other Current Liabilities Other Current Liabilities Duties and Taxes
2008 Bank Loan Long term Liability Long term Liability Loan
Equity
3000 Capital Equity Retained Earning Equity Capita Acct
3001 Drawing Equity Gets Closed Equity Capita Acct
Income / Revenue
4000 Sales Income Income Sales Account
4001 Sales Peachtree Book Income Income Sales Account
4002 Sales Excel Book Income Income Sales Account
4003 Sales Tally Book Income Income Sales Account
4004 Sale Quick Book Income Income Sales Account
4005 Sale Account Meigs and Meigs (9 Edition) Income Income Sales Account
4006 Sales Return Income Income Sales Account
4007 Sales Discount Income Income Sales Account
4006 Sale Cost Accounting Book (Mats. 9 Edition) Income Income Sales Account
Purchase / Cost of sale
5000 Purchase Cost of sale Cost of Goods Sold Purchase Acct
5001 Peachtree Book Cost of sale Cost of Goods Sold Purchase Acct
5002 Excel Book Cost of sale Cost of Goods Sold Purchase Acct
5003 Tally Book Cost of sale Cost of Goods Sold Purchase Acct

7/9/2019 at 4:26 PM Page: 1

 Karachi Motors
Chart of Accounts
As of Jul 31, 2012
Filter Criteria includes: Report order is by ID. Report is printed with Accounts having Zero Amounts and in Detail Format.

5004 Quick Book Cost of sale Cost of Goods Sold Purchase Acct
5005 Account Meigs and Meigs (9 Edition) Cost of sale Cost of Goods Sold Purchase Acct
5006 Purchase Return Cost of sale Cost of Goods Sold Purchase Acct
5007 Purchase Discount Cost of sale Cost of Goods Sold Purchase Acct
5008 Cost Accounting Book Cost of sale Cost of Goods Sold Purchase Acct
Expenses
6000 Rent Exp Expense Expense Indirect Expense
6001 Salary Exp Expense Expense Indirect Expense
6002 Transportation Expense Expense Expense Direct Expense
6003 Repair Expense Expense Expense Direct Expense
6004 Installation Expense Expense Expense Direct Expense
6005 Utility bill Expense Expense Indirect Expense
6006 Depreciation Expense Expense Expense Indirect Expense
Income / Revenue
4000 Commission Income Income Other Income Indirect Income
4001 Fee Income Income Other Income Indirect Income
4002 Rent Income Income Other Income Indirect Income
4003 Service Income Income Other Income Indirect Income

ALLOWANCE FOR DEP= FIXED ASSET (tally)

CONTRA ASSET= BANK/ CASH , CASH/BANK tally
allowance for bad debts : contra asset excel
allowance for dep : contra asset excel

7/9/2019 at 4:26 PM Page: 2