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Steven Popovic
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Decks in this class (61)
Chart of Accounts Overview
Commonly used accounts for a firm that generates service and sales revenue.
Perpetual approach to inventory.
(If was period, would need temp accts to record inv. purch: Purchases; freight-in, Purchase Returns and Allowances, Purchase Discounts)
5
cards
Accounts Payable
No deck description has yet been added by the author.
3
cards
Accounts Recievable
No deck description has yet been added by the author.
2
cards
Accumulated Depreciation - Buildings
No deck description has yet been added by the author.
2
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Accumulated Depreciation - Equipment
No deck description has yet been added by the author.
2
cards
Administrative Expenses
No deck description has yet been added by the author.
1
cards
Allowance for Doubtful Accounts
No deck description has yet been added by the author.
1
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Amortization Expense
No deck description has yet been added by the author.
1
cards
Bad Debts Expense
No deck description has yet been added by the author.
2
cards
Bonds Payable
No deck description has yet been added by the author.
2
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Buildings
No deck description has yet been added by the author.
1
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Cash
No deck description has yet been added by the author.
1
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Common Stock
No deck description has yet been added by the author.
3
cards
Copyright
No deck description has yet been added by the author.
1
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Cost of Goods Sold
No deck description has yet been added by the author.
1
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Depreciation Expense
No deck description has yet been added by the author.
1
cards
Discount on Bonds Payable
No deck description has yet been added by the author.
1
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Dividends
No deck description has yet been added by the author.
2
cards
Dividends Payable
No deck description has yet been added by the author.
1
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Equipment
No deck description has yet been added by the author.
1
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Freight-out
No deck description has yet been added by the author.
1
cards
Gain on Disposal of Plant Assets
No deck description has yet been added by the author.
1
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Goodwill
No deck description has yet been added by the author.
1
cards
Income Summary
Note: The normal balance for income summary will be credit when there is a net income, debt when there is a net loss. The income summary account does not appear on any financial statement.
1
cards
Income Tax Expense
No deck description has yet been added by the author.
1
cards
Income Taxes Payable
No deck description has yet been added by the author.
1
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Insurance Expense
No deck description has yet been added by the author.
1
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Interest Expense
No deck description has yet been added by the author.
2
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Interest Payable
No deck description has yet been added by the author.
2
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Interest Recievable
No deck description has yet been added by the author.
1
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Interest Revenue
No deck description has yet been added by the author.
1
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Inventory
Note: If a periodic system is used, Inventory also appears on the IS in the calc of COGS
2
cards
Land
No deck description has yet been added by the author.
1
cards
Loss on Disposal of Plant Assets
No deck description has yet been added by the author.
1
cards
Maintenance and Repairs Expense
No deck description has yet been added by the author.
1
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Mortgage Payable
No deck description has yet been added by the author.
1
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Notes Payable
No deck description has yet been added by the author.
1
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Patent
No deck description has yet been added by the author.
1
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Paid-in Capital in Excess of Par Value - Common Stock
No deck description has yet been added by the author.
2
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Paid - in Capital in Excess of Par Value - Preferred Stock
No deck description has yet been added by the author.
1
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Preferred Stock
No deck description has yet been added by the author.
1
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Premium on Bonds Payable
No deck description has yet been added by the author.
1
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Prepaid Insurance
No deck description has yet been added by the author.
1
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Prepaid Rent
No deck description has yet been added by the author.
1
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Rent Expense
No deck description has yet been added by the author.
1
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Retained Earnings
No deck description has yet been added by the author.
1
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Salaries and Wages Expense
No deck description has yet been added by the author.
1
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Salaries and Wages Payable
No deck description has yet been added by the author.
1
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Sales Discounts
No deck description has yet been added by the author.
1
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Sales Returns and Allowances
No deck description has yet been added by the author.
1
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Sales Revenue
No deck description has yet been added by the author.
1
cards
Selling Expenses
No deck description has yet been added by the author.
1
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Service Revenue
No deck description has yet been added by the author.
1
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Short-Term Investments
No deck description has yet been added by the author.
1
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Supplies
No deck description has yet been added by the author.
1
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Supplies Expense
No deck description has yet been added by the author.
1
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Treasury Stock - Common
No deck description has yet been added by the author.
1
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Unearned Service Revenue
No deck description has yet been added by the author.
1
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Utilities Expense
No deck description has yet been added by the author.
1
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Concepts
No deck description has yet been added by the author.
5
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Basic Accounting Equation
No deck description has yet been added by the author.
2
cards
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chart of accounts
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