a list of accounts used by a busines

Asset Accounts

  1. Cash
  2. Accounts Receivable
  3. Inventory
  4. Prepaid Expenses
  5. Property, Plant, and Equipment
  6. Accumulated Depreciation

Liability Accounts

  1. Accounts Payable
  2. Short-term Loans
  3. Accrued Liabilities
  4. Unearned Revenue
  5. Long-term Debt

Equity Accounts

  1. Common Stock
  2. Retained Earnings
  3. Additional Paid-in Capital
  4. Treasury Stock

Revenue Accounts

  1. Sales Revenue
  2. Service Revenue
  3. Interest Income

Expense Accounts

  1. Cost of Goods Sold
  2. Salaries and Wages Expense
  3. Rent Expense
  4. Utilities Expense
  5. Depreciation Expense
  6. Insurance Expense
  7. Advertising Expense
  8. Interest Expense
  9. Supplies Expense

Other Accounts

  1. Dividends
  2. Gains and Losses on Sale of Assets