100 ASSETS

TO
CODE ACCOUNT TITLE INCREASE
TYPE DESCRIPTION PRESENTATION
The sum of all Statement of
coins, currency Financial
and other Position
unrestricted
liquid funds
110 CASH IN BANK Debit Cash that have been
placed on
deposit with a
financial
institution.
Small amount Statement of
of bills and Financial
coins that Position
Schotel keeps
on the
premises to
pay for
120 PETTY CASH Debit Cash minor expendit
ures. The fund
is typically
replenished by
the accounting
department
once a month.
The cost of Statement of
Other supplies on Financial
130 SUPPLIES Debit Current hand at a point Position
Asset in time.

Statement of
Fixed
140 EQUIPMENT Debit Financial
Asset
Position
Larger items of Statement of
movable Financial
equipment that Position
FURNITURE AND Fixed
150 Debit are used to
FIXTURE Asset
furnish an
office.
 The Statement of
cumulative dep Financial
reciation that Position
has been
ACCUMMULATED allocated to the
Fixed furniture and
160 DEPRECIATION – Credit
Asset fixtures when
F and F
the assets
were put into
service during
its life.
Cost of real Statement of
estate that is Financial
exclusive of Position
Fixed any buildings
170 LAND Debit or
Asset
other assets sit
uated on the
property.
Noncurrent or Statement of
long-term asset Financial
account which Position
Fixed shows the cost
180 BUILDING Debit of a building
Asset
(excluding the
cost of the
land).
The Statement of
cumulative dep Financial
reciation that Position
ACCUMULATED has been
Fixed allocated to the
190 DEPRECIATION – Credit
Asset building when
BUILDING
the asset was
put into service
during its life.

200 LIABILITIES
TO
CODE ACCOUNT TITLE INCREASE
TYPE DESCRIPTION PRESENTATION
 Represents a Statement of
company's Financial
obligation to Position
ACCOUNTS Current pay off a short-
210 Credit
PAYABLE Liability term debt to its
creditors or
suppliers.

300 EQUITY
TO
CODE ACCOUNT TITLE INCREASE
TYPE DESCRIPTION PRESENTATION
Statement of
310 GENERAL FUND Credit Equity Financial
Position

400 EXPENSE
ACCOUNT TO TYPE
CODE DESCRIPTION PRESENTATION
TITLE INCREASE
Expenses
incurred for the
work performed
by salaried
employees
Operating during the
Repairs and Statement of
410 Debit Expense accounting
Maintenance Profit & Loss
period. These
employees
normally receive
a fixed amount
on a weekly or
monthly basis.
Cost of supplies
Supplies Operating used up during Statement of
420 Debit
Expense Expense the accounting Profit & Loss
period.
Cost for
Utilities Statement of
430 Debit electricity and
Expense Profit & Loss
water that were
 Operating used during the
Expense accounting
period.
Cost of long-
term assets
Depreciation Operating allocated to Statement of
440 Debit
Expense Expense expense during Profit & Loss
the current
period.

500 REVENUE
ACCOUNT TO TYPE
CODE DESCRIPTION PRESENTATION
TITLE INCREASE
Operating is the income
Income received by a
SALES Statement of
510 Credit company from
REVENUE Profit & Loss
its provision of
hotel services.
LAUNDRY Other Statement of
520 Credit
COMMISSION Income Profit & Loss