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Account Titles
Accounting (acct1)
Philippine Christian University
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ACCOUNT TITLE CLASSIFICATION
Accounts Payable Current Liability Accounts Receivable Current Assets Accrued Salary Payables Current Liability Accumulated Depreciation Contra Account Additional Paid in Capital Equity Administrative Expenses Operating Expense Allowances for Doubtful Accounts Contra Account Bad Debts Expense Operating Expense Bonds Payable Non-current Liability Buildings Non-current Asset Cash Current Asset Common Stock Equity Copyrights Intangible Asset Cost of Goods Sold Cost of Goods Sold Debt Instruments Current Asset/ Long-Term Investment Depreciation Expense Operating Expense Discounts on Bonds Payable Contra Account Dividends Nominal Account Closed to Retained Earnings Dividends Payable Current Liability Dividends Revenue Other Income Equipment Non-current Asset Fees Earned Revenue Freight-In Cost of Goods Sold Freight-Out Operating Expense Gain on Disposal of Plant Assets Other Income Goodwill Intangible Asset
Income Summary Nominal Account Closed to Retained Earnings Income Tax Expense Income Tax Expense
ACCOUNT TITLES AS TO THEIR CLASSIF
Income Tax Payable Current Liability Insurance Expense Operating Expense Interest Expense Other Expense Interest Payable Current Liability Interest Receivable Current Asset Interest Revenue Other Income Inventory Current Asset Land Non-current Asset Loss on Disposal Other Expense Mortgage Payable Non-current Liability Notes Payable Current/Non-current liability Patents Intangible Asset Preferred Stock Equity Premiums on Bonds Payable Non-current Liability - Adjunct Prepaid Insurance Current Asset Prepaid Rent Current Asset Purchase Discount Contra Account Purchase Returns and Allowances Contra Account Purchases Current Asset Rent Expense Operating Expense Rent Revenue Revenue Retained Earnings Equity Salaries and Wages Operating Expense Sales Discount Contra Account Sales Returns and Allowances Contra Account Sales/ Sales Revenue Revenue Service Revenue Revenue Supplies Current Asset Supplies Expense Operating Expense Treasury Stock Equity Unearned Service Revenue Current Liability Utilities Expense Operating Expense
STATEMENT OF NORMAL BALANCE
Financial Position Credit Financial Position Debit Financial Position Credit Financial Position Credit Financial Position Credit Financial Performance Debit Financial Position Credit Financial Performance Debit Financial Position Credit Financial Position Debit Financial Position Debit Financial Position Credit Financial Position Debit Financial Performance Debit Financial Position Debit Financial Performance Debit Financial Position Debit Retained Earnings Debit Financial Position Credit Financial Performance Credit Financial Position Debit Financial Performance Credit Financial Performance Debit Financial Performance Debit Financial Performance Credit Financial Position Debit
Not Applicable
Debit (Loss Credit (Profit) Financial Performance Debit
LES AS TO THEIR CLASSIFICATION, PRESENTATION, AND NOR
Financial Position Credit Financial Performance Debit Financial Performance Debit Financial Position Credit Financial Position Debit Financial Performance Credit Financial Position Debit Financial Position Debit Financial Performance Debit Financial Position Credit Financial Position Credit Financial Position Debit Financial Position Credit Financial Position Credit Financial Position Debit Financial Position Debit Financial Position Credit Financial Position Credit Financial Position Debit Financial Performance Debit Financial Performance Credit Financial Position Debit Financial Performance Debit Financial Position Debit Financial Position Debit Financial Performance Credit Financial Performance Credit Financial Position Debit Financial Performance Debit Financial Position Debit Financial Position Credit Financial Performance Debit
, AND NORMAL BALANCE
Account Titles
Course: Accounting (acct1)
University: Philippine Christian University
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