MBS_Accounting_Journal_System.xlsx

	A	B	C	D	E	F
1	MBS STANDOFFS / MBS SIGNSUPPLY
2	CHART OF ACCOUNTS
3	Reference master — used by Journal, Ledger & P&L sheets
4	Code	Account Name	Type	Normal Balance	Category	Notes

5	1001	Cash on Hand	Asset	Debit	Current Asset	Physical cash in office/register
6	1002	Cash in Bank	Asset	Debit	Current Asset	Checking / savings account
7	1003	Accounts Receivable	Asset	Debit	Current Asset	Amounts owed by customers
8	1004	Inventory	Asset	Debit	Current Asset	Standoffs, signs & display hardware
9	1005	Prepaid Expenses	Asset	Debit	Current Asset	Rent/insurance paid in advance
10	1006	Office Supplies	Asset	Debit	Current Asset	Consumable office materials
11	1501	Equipment	Asset	Debit	Fixed Asset	Machinery, tools, computers
12	1502	Accum. Depreciation	Asset	Credit	Fixed Asset	Contra-asset (reduces equipment value)
13	2001	Accounts Payable	Liability	Credit	Current Liability	Amounts owed to suppliers
14	2002	Accrued Expenses	Liability	Credit	Current Liability	Expenses incurred not yet paid
15	2003	Loans Payable	Liability	Credit	Long-term Liability	Bank loans or financing
16	2004	Sales Tax Payable	Liability	Credit	Current Liability	Tax collected for government
17	3001	Owner's Capital	Equity	Credit	Equity	Initial and additional investments
18	3002	Owner's Drawings	Equity	Debit	Equity	Owner withdrawals
19	3003	Retained Earnings	Equity	Credit	Equity	Accumulated profit/loss
20	4001	Sales Revenue	Revenue	Credit	Operating Revenue	Revenue from product sales
21	4002	Service Revenue	Revenue	Credit	Operating Revenue	Revenue from services rendered
22	4003	Other Income	Revenue	Credit	Non-operating	Interest, miscellaneous income
23	5001	Cost of Goods Sold	Expense	Debit	COGS	Direct cost of inventory sold
24	5002	Rent Expense	Expense	Debit	Operating Expense	Monthly office/warehouse rent
25	5003	Utilities Expense	Expense	Debit	Operating Expense	Electricity, internet, water
26	5004	Supplies Expense	Expense	Debit	Operating Expense	Consumables used in operations
27	5005	Salaries Expense	Expense	Debit	Operating Expense	Employee wages and salaries
28	5006	Shipping & Freight	Expense	Debit	Operating Expense	Courier and delivery costs
29	5007	Depreciation Expense	Expense	Debit	Operating Expense	Periodic asset write-down
30	5008	Advertising Expense	Expense	Debit	Operating Expense	Marketing and promotions
31	5009	Bank Charges	Expense	Debit	Operating Expense	Transaction fees, service charges
32	5010	Miscellaneous Expense	Expense	Debit	Operating Expense	Other small expenses
33
34	LEGEND:	Asset	Liability	Equity	Revenue	Expense
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