Sahil In: Category - Accounting in CorporatesWhat are some examples of chart of accounts?chart of accountsexamples ShareFacebook1 AnswerVotedRecent Vaishnavi_Shetty 2020-08-05T02:02:34+05:30Added an answer on August 5, 2020 at 2:02 am This answer was edited. Yes. But first, let me familiarize you with the meaning of Chart of Accounts.Meaning of Chart of AccountsChart of Accounts is a numbered listing (account codes) of the various accounts that form part of the accounting records of an entity. The codes used help to group similar accounts together. For eg. if you want to see only the operating expenses incurred. In this case, you need to enter only the range code assigned to operating expenses & you will get all the operating expenses transactions together at one place.Chart of Accounts varies from one entity to another depending on the size of the entity.Example of Chart of AccountsIn the example given below, 1st digit of the numeric codes signifies different account types. “1” represents assets, “2” represents liabilities, “3” represents equity, “4” represents revenues, & “5” represents expenses.Sr No.Numeric rangeAccount typeFinancial Statements11000-1999AssetsBalance Sheet1000-1499Non-Current Assets1500-1899Current Assets1900-1999Contra Assets22000-2999LiabilitiesBalance Sheet2000-2499Non-Current Liabilities2500-2999Current Liabilities33000-3999EquityBalance Sheet44000-4999RevenuesProfit & Loss A/c4000-4499Operating Income4500-4999Non-Operating Income55000-5999ExpensesProfit & Loss A/c5000-5499Operating Expenses5500-5999Non-Operating Expenses1000-1499Non-Current Assets2000-2499Non-Current Liabilities1000Property, Plant & Equipment2000Long term debts1010Buildings2010Loan from Financial Institutions1020Land2020Loan from Others1030Plant & Machinery1040Furniture & Fixtures2500-2999Current Liabilities1050Computer & Peripherals2500Accounts Payables1060Leasehold Premises1070Vehicles2600Short term debts2610Loan from Financial Institutions1100Intangible Assets2620Loan from Others1110Goodwill1120Patent2700Other Current Liabilities1130Copyrights2710Pre-received Income1140Trademarks2720Outstanding Expenses1150Design1160Software3000-3999Equity3100Capital Contribution1200Long term Investments3200Retained Earnings1210Investment in shares1220Investment in bonds4000-4499Operating Income1230Investment in govt securities4100Sale of Goods4200Sale of Services1300Long term Loans & Advances4500-4999Non-Operating Income1500-1899Current Assets4600Interest from Investments1500Accounts Receivables4700Dividend from Investments4800Profit from Sale of Fixed Assets1600Cash & Cash Equivalent4900Profit from Sale of Investments1610Bank-Current A/c1620Bank-OD A/c5000-5499Operating Expenses1630Petty Cash5000Purchase of Raw Materials5050Employee Benefit Expenses1700Inventories5100Rental/Lease Expenses1710Work-in-Progress5150Depreciation1720Finished Goods5200Amortization1730Raw Materials5250Professional Fees5300Legal Expenses1800Other Current Assets5350Electricity Expenses1810Prepaid Expenses5400Repairs & Maintenance1820Accrued Income5450Advertising Expenses1900-1999Contra Assets5500-5999Non-Operating Expenses1910Accumulated Depreciation5500Loss from Sale of Fixed Assets1920Accumulated Amortization5600Loss from Sale of InvestmentsA downloadable excel sheet has been attached for your reference.Example of Chart of Accounts0Reply Share ShareShare on FacebookShare on TwitterShare on LinkedInShare on WhatsAppLeave an answerCancel replyYou must login to add an answer. Username or email* Password* Captcha* Click on image to update the captcha. Remember Me! Forgot Password?