Chart of Accounts Sheet

Chart of Accounts Sheet - Common Accounts & FS...

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(Contra Accts in red) [Exceptions to recording at Historical Cost in blue] by Marco J. Malandra, CPA 1/07 1. ASSETS : BS, Real, Dr NAB, ( Cr if contra ) 3. SHs’ EQUITY : BS, Real, Cr NAB ( Dr if contra ) Paid-in Capital [ or Contributed Capital]: Current [ generally ] : Common Stock Cash ( Money Orders,Checks,Checking,Savings, Petty) Additional-paid-in-capital – Common Stock Cash Equivalents ( safe investment; < 3 mo. maturity) Preferred Stock Trading or Available-for-sale Securities [ at Fair Value ] Additional-paid-in-capital – Preferred Stock Accts|Trade Receivable [ at Net Realiz.Value|net ADA ] Retained Earnings (Allowance for Doubtful Accts) (Treasury Stock) Other Receivables (from customers,employees,IRS,etc) Inventory or Merchandise [ at Lower or Cost or Mk ] (Purchase Discounts Purch.Rtns & Allowances) Purchases ( Periodic System acct, eliminated in AJE) 4. REVENUES : IS, Nominal, Cr NAB (
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This note was uploaded on 04/15/2011 for the course ACCT 2101 taught by Professor Christianwurst during the Spring '08 term at Temple.

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Chart of Accounts Sheet - Common Accounts &amp; FS...

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