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CHAPTER 4 The Procurement Process 79
3A
APPENDIX

Accounts In The GL00 Chart

of Accounts

PROFIT AND LOSS ACCOUNTS

Account Number Short Text Long Text
600000 Sales Revenue Sales Revenue

610000 Sales Discount Sales Discount
620000 Misc. Revenue Miscellaneous Revenue
630000 Revenue Deductions Revenue Deductions

640000 G or L-Sale of Asset Gain or Loss on Sale of Assets
650000 Cust. Serv. Revenue Customer Service Revenue

650100 CS Rev Settlement Customer Service Revenue Settlement
700000 Labor Labor
720000 RM Consumpt Expense Raw Material Consumption Expense

720100 FP Consumpt Expense Finished Product Consumption Expense
720200 TG Consumpt Expense Trading Good Consumption Expense

720300 SF Consmpt Expense Semifi nished Consumption Expense
740000 Supplies Expense Supplies Expense

740100 Utilities Expense Utilities Expense
740200 Legal and Prof Expense Legal and Professional Expense

740300 Rent Expense Rent Expense
740400 Ins. Expense Liability Insurance Expense—Liability
740500 Payroll Expense Payroll Expense—Offi ce

740600 Payroll Expense Payroll Expense—Administrative
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