CHART OF ACCOUNTS

Code Account Title

ASSETS
100 CURRENT ASSETS
101 Cash on Hand
102 Cash in Bank
103 Check Clearing
104 Petty Cash Fund
105-A Accounts Receivable, net
105 Accounts Receivable
105-B Allowance for Bad Debts
106 Advances to Employees
107 Merchandise Inventory
108 Prepaid Supplies
109 Input Tax
110 Other Assets

111 NONCURRENT ASSETS

112 Land
113-A Building, net
113 Building
113-B Accumulated Depreciation – Building
114-A Store & Office Equipment, net
114 Store & Office Equipment
114-B Accumulated Depreciation – Store & Office Equipment
115-A Furniture & Fixture, net
115 Furniture & Fixture
115-B Accumulated Depreciation – Furniture & Fixture

LIABILITES
200 Current Liabilities
201 Accounts Payable
202 SSS, Philhealth & HDMF Payable
203 Withholding Tax Payable
204 VAT Payable
205 Accrued Expenses
300 Noncurrent Liabilities
301 Notes Payable

400 CAPITAL
401 Mediarito, Capital
402 Mediarito, Drawing
403 Ilao, Capital
404 Ilao, Drawing
405 Income & Expense Summary
406 Zoleta, Capital
407 Zoleta, Drawing

500 TURNOVER
501 Sales
502 Other Income
503 Sales Discount
504 Sales, Returns and Allowances

600 COST OF SALES

601 Cost of Sales

700 OPERATING COSTS

701 Salary Expense
702 Utility Expense
703 Supplies Expense
704 Repairs & Maintenance Expense
705 Depreciation Expense
706 Bad Debts Expense
707 Miscellaneous Expense

800 NON-OPERATING INCOME AND EXPENDITURE

801 Clearing
802 Rounding
803 Opening Balance

900 TAXATION AND EXTRAORDINARY ITEMS

901 Income Tax Expense