Account Classification: Reference Sheet
Statement of Financial Position
Assets
Liabilities
Statement of Income
Shareholder’s Equity
Revenue
Expenses
Cash
Accounts Payable
Common Shares
Revenue
Advertising Expense
Accounts Receivable
Notes Payable
Preferred Shares
Sales Revenue
Amortization Expense
Unearned Revenue
(Deferred Revenue)
Retained Earnings
Sales
Credit Losses (Bad Debt
Expense)
Contributed Surplus
Sales Discounts
Cost of Goods Sold
Inventory
Wages / Salaries
Payable
Income Tax Payable
EI / CPP Payable
Prepaid Insurance / Expenses
Interest Payable
Prepaid Rent
Land
Building
Accumulated Depreciation
- Building
Equipment
Accumulated Depreciation
- Equipment
Furniture
Accumulated Depreciation
- Furniture
Vehicles
Accumulated Depreciation
- Vehicles
Copyrights
Patents
Accumulated Amortization
– Patents (for any
intangible asset with finite
life)
Trademarks
Goodwill
Dividends Payable
Bank Loan
Mortgage Payable
Bonds Payable
Sales Returns and
Allowances
Interest Income /
Revenue
Rent Income /
Revenue
Gain on Disposal
Dividend Revenue
Delivery Expense
Supplies
Accumulated Other
Comprehensive Income
Stock (Common Share)
dividends distributable
Allowance for Expected
Credit Losses (Allowance
for Doubtful Accounts)
Interest Receivable
Statement of Changes
in Equity
Depreciation Expense
Freight In
Impairment Loss
Income Tax Expense
Insurance Expense
Interest Expense
Provision
Warranty Provision
Loss on Disposal
Office Expense
Other Liabilities
Other Expense
Rent Expense
Salaries Expense
Supplies Expense
Telephone Expense
Utilities Expense
Wages Expense
Warranty Expense
Share Capital – Common
Shares
Preferred Shares
Retained Earnings
(Beg. Retained Earnings
+ Net income
-Dividends
=End Retained Earnings)
Contributed Surplus
Accumulated Other
Comprehensive Income