This document contains a sample chart of accounts that lists common general ledger account titles used in accounting and their normal debit or credit balances. The chart of accounts is organized by major account categories such as current assets, capital assets, current liabilities, owner's equity, revenues, and expenses. Each specific account is assigned a unique account number and title and identified as having a normal debit or credit balance.
This document contains a sample chart of accounts that lists common general ledger account titles used in accounting and their normal debit or credit balances. The chart of accounts is organized by major account categories such as current assets, capital assets, current liabilities, owner's equity, revenues, and expenses. Each specific account is assigned a unique account number and title and identified as having a normal debit or credit balance.
This document contains a sample chart of accounts that lists common general ledger account titles used in accounting and their normal debit or credit balances. The chart of accounts is organized by major account categories such as current assets, capital assets, current liabilities, owner's equity, revenues, and expenses. Each specific account is assigned a unique account number and title and identified as having a normal debit or credit balance.