CHART OF

ACCOUNTS
ABM11
ACTIVITY - NOTEBOOK
You are going to think of a service business you would like establish in the future.
Example: James Salon
a. List the things / requirements that you would need to establish your business.
Examples: Cash
Capital/Investment
b. Classify it as ASSETS, LIABILITIES, CAPITAL/EQUITY, REVENUE OR EXPENSES
Example:
ASSETS LIABILITIES CAPITAL REVENUE EXPENSES
Cash James, Capital
JAMES SALON

• CASH
• CHAIRS / TABLES / MIRRORS
• AIRCON / TV
• SHAMPOO / CONDITIONER /
• SHOP
JAMES SALON

• BUSINESS PERMITS / LICENCES

• RENT (SHOP)
• SALARY (BARBERS)
• ELECTRICITY / WATER / INTERNET