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80 CHAPTER 3 Introduction to Accounting

PROFIT AND LOSS ACCOUNTS (CONTINUED)

Account Number Short Text Long Text
740700 Sales Expense Sales Expense

740800 Tax Expense Tax Expense—Property
740900 Tax Expense Tax Expense—Income
741000 Misc. Expense Miscellaneous Expense

741100 Labor Expense Labor Expense
741200 COGS Expense Acc. Cost of Goods Sold Expense Account

741300 IT Expense Account Information Technology Expense Account
741400 PO Var. Expense Acc. Production Order Variance Expense Account

741500 Utilities Utilities (electricity & phone)
741600 Manufac. Output Sett. Manufacturing Output Settlement
741700 Mfac. Output Sett Var. Manufacturing Output Settlement Variance

760000 Purchase Price Diff. Purchase Price Difference
760100 Production Var. Production Variance

780000 R & D Research and Development
790000 COGS Cost of Goods Sold

BALANCE SHEET ACCOUNTS
Account Number Short Text Long Text

100000 Bank Bank Account

101000 Alt Bank Alternate Bank Account
110000 Trade Receivables Trade Accounts receivables
110100 Misc. A/R Miscellaneous Accounts Receivable

110200 Int. Receivable Interest Receivable
200000 Inv-RM Inventory-Raw Materials

200100 Inv-FG Inventory-Finished Goods
200200 Inv-TG Inventory-Trading Goods
200300 Inv-SFG Inventory-Semifi nished Goods

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