Title: Chart Of Accounts
Headings: 

Content: All Prepaid Expenses could be recorded in a single account or separate accounts could be used for each different type. Prepaid Insurance
Prepaid Rent
Prepaid Advertising
Prepaid Interest
Other Prepaid Expenses
Other Current Assets
This category includes other current assets that do not neatly fit into any of the other categories. The amounts must be deemed collectible in a relatively short period of time (operating cycle). Notes Receivable - Current principal portion of Long-term Notes
Other Current Assets
Long-Term Investments
Investments that are intended to be held and not converted into cash for an extended period of time (longer than the operating cycle). Reported at current market value by using an allowance for unrealized market gains and losses. Stocks
Bonds
Other Long Term Investments
Valuation Allowance for Market Value Fluctuations
Property, Plant, and Equipment
Assets of a durable nature that are used to provide current and future economic benefits to the business. These accounts will normally have a sub ledger that contains a record for each parcel of land, building, or piece of machinery and equipment along with depreciation calculations and amounts. Land
Buildings
Accumulated Depreciation - Buildings (Contra Account)
Building Improvements
Accumulated Depreciation - Building Improvements (Contra Account)
Machinery and Equipment
Accumulated Depreciation - Machinery and Equipment (Contra Account)
Office Equipment
Accumulated Depreciation - Office Equipment (Contra Account)
Computer Equipment
Accumulated Depreciation - Computer Equipment (Contra Account)
Vehicles
Accumulated Depreciation - Vehicles (Contra Account)
Furniture and Fixtures
Accumulated Depreciation - Furniture and Fixtures (Contra Account)
Leasehold Improvements
Accumulated Amortization - Leasehold Improvements (Contra Account)
Computer Software
Accumulated Amortization - Computer Software (Contra Account)
Other Property, Plant, or Equipment
Accumulated Depreciation - Other Property, Plant, or Equipment
Other Noncurrent Assets
All assets that are noncurrent and that do not fit neatly into any of the other categories. Long Term Owner Loans & Advances
Long Term Employee Loans & Advances
Notes Receivable - Long-term principal portion of Long-term Notes
Security Deposits
Intangible Assets
Patents
Organization Costs
Goodwill
Accumulated Amortization (Contra Account)
Liabilities
Formal Definition: Claims by creditors to the property (assets) of a business until they are paid.