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  • Basic Accounting

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    Samantha Azuelo
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    The document lists 30 accounts in accounting and classifies each as an asset, liability, revenue, or expense. Assets are debited and liabilities and revenues are credited. Expenses are debited. The accounts cover common items like cash, accounts receivable, supplies, property, utilities, rent, sales, fees, and more.

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    BASIC ACCOUNTING (2)

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    The document lists 30 accounts in accounting and classifies each as an asset, liability, revenue, or expense. Assets are debited and liabilities and revenues are credited. Expenses are debited. The accounts cover common items like cash, accounts receivable, supplies, property, utilities, rent, sales, fees, and more.

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    © All Rights Reserved
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    6 views2 pages

    Basic Accounting

    Uploaded by

    Samantha Azuelo
    The document lists 30 accounts in accounting and classifies each as an asset, liability, revenue, or expense. Assets are debited and liabilities and revenues are credited. Expenses are debited. The accounts cover common items like cash, accounts receivable, supplies, property, utilities, rent, sales, fees, and more.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    PANLAQUE, JOVIELYN V BSA 101 BASIC ACCOUNTING SEPTEMBER 26,2022

    1.Office Supplies —ASSET – DEBIT

    2. Supplies Expense — EXPENSE — DEBIT

    3. Accounts Receivable — ASSET —DEBIT

    4. Professional Fees — REVENUES —CREDIT

    5. WHT Payable — LIABILITY —CREDIT

    6. Payable — LIABILITY — CREDIT

    7. Land —ASSET — DEBIT

    8. Notes Payable — LIABILITY —CREDIT

    9. Machinery — ASSET — DEBIT

    10. Customer's Deposit — LIABILITY — CREDIT

    11. Utilities Expense — EXPENSE — DEBIT

    12. Fees Earned — REVENUE — CREDIT

    13. Furniture & Fixtures —ASSET — DEBIT

    14. Commission Expense — EXPENSE — DEBIT

    15. Building — ASSET — CREDIT

    16. Franchise Fee — ASSET — DEBIT

    17. Unearned Revenue — LIABILITY — DEBIT

    18. Sales — REVENUE — CREDIT

    19. Rent Expense — EXPENSE — DEBIT

    20. Advertising Expense — EXPENSE — DEBIT

    21. Notes Receivable — ASSET — DEBIT

    22. Cash — ASSET — DEBIT

    23. Interest Revenue — REVENUE — CREDIT

    24. SSS Payable — LIABILITY — DEBIT

    25. Franchise — ASSET — CREDIT

    26. Office Supplies Expense — EXPENSE — DEBIT

    27. Rent Income — LIABILITY — CREDIT


    28. Owner's Drawing — ASSET — DEBIT

    29. Prepaid Expenses —ASSET — DEBIT

    30. Accrued Expense — LIABILITY — CREDIT

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