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Chart of Temporary (Nominal) & Permanent Accounts - Assets, Liabilities, Owner's Equity, Revenues, Expenses, Gains & Losses Accounts

Assets

Current Assets

101 Cash
102 Petty Cash
103 Cash equivalents
104 Temporary investments
105 Allowance to reduce temporary investments to market
106 Accounts receivable
107 Allowance for doubtful accounts
108 GST receivable
109 Interest receivable
110 Rent receivable
111 Notes receivable
119 Merchandise inventory
120 inventory
124 Office supplies
125 Store supplies
126 supplies
128 Prepaid insurance
129 Prepaid
131 Prepaid rent
132 Raw materials inventory
133 Goods in process inventory,
135 Finished goods inventory

Long-Term Investment

141 Investment in Shares
142 Investment in Bonds
144 Investment in _______


Property, Plant, and Equipment

151 Automobiles
152 Accumulated amortization, automobiles
153 Trucks
154 Accumulated amortization, trucks
155 Boats
156 Accumulated amortization, boats
157 Professional library
158 Accumulated amortization, professional library
159 Law library
160 Accumulated amortization, law library
161 Furniture
162 Accumulated amortization, Furniture
163 Office equipment
164 Accumulated amortization, office equipment
165 Store equipment
166 Accumulated amortization, store equipment
167 equipment
168 Accumulated amortization, ______ equipment
169 Machinery
170 Accumulated amortization, machinery
173 Building
174 Accumulated amortization, building
175 Land
176 Leasehold improvements
179 Land improvements,
180 Accumulated amortization, land improvements ___

Natural Resources

185 Mineral deposit
186 Accumulated amortization, mineral deposit

Intangible Assets

191 Patents
192 Leasehold
193 Franchise
194 Copyright
196 Organization costs
198 Goodwill

Liabilities

Current Liabilities

201 Accounts payable
202 Insurance payable
203 Interest payable
204 Legal fees payable
205 Short-term notes payable
206 Discount on short-term notes payable
208 Rent payable
209 Salaries payable
210 Wages payable
214 Estimated warranty liability
215 Income taxes payable
216 Common dividends payable
217 Preferred dividends payable
218 El payable
219 CPP payable
221 Employees' medical insurance payable
222 Employees' retirement program payable
223 Employees' union dues payable
224 PST payable
225 GST payable
226 Estimated vacation pay liability

Unearned Revenues

230 Unearned consulting fees
231 Unearned legal fees
232 Unearned property management fees
233 Unearned

Long-Term Liabilities

251 Long-term notes payable
252 Discount on notes payable
253 Long-term lease liabilities
255 Bonds payable
256 Discount on bonds payable
257 Premium on bonds payable

Owners' Equity

301 capital
302 withdrawals

Corporate Contributed Capital

307 Common shares
310 Common share dividends distributable
313 Contributed capitals from the retirement of common shares
315 Preferred shares

Retained Earnings

318 Retained earnings
319 Cash dividends
320 Share dividends

Revenues

401 fees earned
403 services revenue
405 Commission earned
406 Rentearned
407 Dividends earned
408 Earnings from investment in
409 Interest earned
413 Sales
414 Sales returns and allowances
415 Sales discounts

Cost of Sales

502 Cost of goods sold
503 Amortization of mine deposit
505 Purchases
506 Purchases returns and allowances
507 Purchases discounts
508 Transportation-in

Manufacturing Accounts

520 Raw materials purchases
521 Freight-in on raw materials
530 Factory payroll
531 Direct labour
540 Factory overhead
541 Indirect materials
542 Indirect labour
543 Factory insurance expired
544 Factory supervision
545 Factory supplies used
546 Factory utilities
547 Miscellaneous production costs
548 Property taxes on factory building
550 Rent on factory building
551 Repairs, factory equipment
552 Small tools written off
560 Amortization of factory equipment
561 Amortization of factory building

Standard Cost Variance Accounts

580 Direct material quantity variance
581 Direct material price variance
582 Direct labour quantity variance
583 Direct labour price variance
584 Factory overhead volume variance
585 Factory overhead controllable variance

Expenses - Amortization

602 Amortization expense, copyrights
603 Amortization expense,
604 Amortization expense, boats
605 Amortization expense, automobiles
606 Amortization expense, building
608 Amortization expense, land improvements
610 Amortization expense, law library
611 Amortization expense, trucks
612 Amortization expense, equipment
614 Amortization expense, _______

 

Employee Related Expense

620 Office salaries expense
621 Sales salaries expense
622 Salaries expense
623 wages expense
624 Employees' benefits expense

Financial Expenses

630 Cash over and short
633 Interest expense

Insurance Expenses

635 Insurance expense, delivery equipment
636 Insurance expense, building
637 Insurance expense, _________

Rental Expenses

640 Rent expense
641 Rent expense, office space
642 Rent expense, selling space
645 rental expense

Supplies Expense

650 Office supplies expense
651 Store supplies expense
652 Supplies expense

Other Expenses

655 Advertising expense
656 Bad debts expense 659 Collection expense
662 Credit card expense
663 Delivery expense
667 Equipment expense
668 Food and drinks expense 671 Gas and oil expense
673 Janitorial expense
674 Legal fees expense 676 Mileage expense
681 Permits expense
682 Postage expense
683 Property taxes expense
684 Repairs expense,
688 Telephone expense
689 Travel and entertaining expense
690 Utilities expense
691 Warranty expense
695 Income taxes expense
696 expense

Gains and Losses

701 Gain on retirement of bonds
702 Gain on sale of machinery
703 Gain on sale of investments
705 Gain on
804 Loss on market decline of temporary investments
805 Loss on retirement of bonds
806 Loss on sale of investments
807 Loss on sale of machinery
809 Loss on _________________Clearing Accounts
901 Income summary
902 Manufacturing summary

 

 

 

 

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