This document outlines a chart of accounts for a business organized into sections for assets, liabilities, equity, revenue, and expenses. The assets section includes current assets like cash, accounts receivable, and inventory as well as non-current assets like furniture, equipment, and vehicles. Liabilities are divided into current amounts like accounts payable and taxes as well as long-term notes payable. Revenue categories include sales, other income, and gains. Expense accounts cover costs of purchases, supplies, advertising, utilities, salaries and more.
This document outlines a chart of accounts for a business organized into sections for assets, liabilities, equity, revenue, and expenses. The assets section includes current assets like cash, accounts receivable, and inventory as well as non-current assets like furniture, equipment, and vehicles. Liabilities are divided into current amounts like accounts payable and taxes as well as long-term notes payable. Revenue categories include sales, other income, and gains. Expense accounts cover costs of purchases, supplies, advertising, utilities, salaries and more.
This document outlines a chart of accounts for a business organized into sections for assets, liabilities, equity, revenue, and expenses. The assets section includes current assets like cash, accounts receivable, and inventory as well as non-current assets like furniture, equipment, and vehicles. Liabilities are divided into current amounts like accounts payable and taxes as well as long-term notes payable. Revenue categories include sales, other income, and gains. Expense accounts cover costs of purchases, supplies, advertising, utilities, salaries and more.