Classification of accounts

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Author:
mama2
ID:
228238
Filename:
Classification of accounts
Updated:
2013-07-26 12:38:22
Tags:
Intermed Fin Accounting
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Description:
ACG 3101
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  1. Certificate of Deposit
    Current Asset
  2. Foreign Bank Account-Restricted
    Other Assets
  3. Marketable Securities
    Current Assets
  4. Accounts Receivable-Trade
    Current Assets
  5. Installment Sales Receivable-Trade
    Current Assets
  6. Allowance for Uncollectible Accounts (Bad Debt)
    Contra Current Assets
  7. Installment Sales Receivable -Non Trade
    Other Assets
  8. Investment in Stock
    Long Term Investments
  9. Land Held for Future Plant Site
    Long Term Investments
  10. Cash Surrender Value of Life Insurance
    Long Term Investments
  11. Investment in Equity Method Investee
    Long Term Investments
  12. Bond Sinking Fund
    Long Term Investments
  13. Negative Goodwill
    Other revenue and gains
  14. Accumulated Depreciation
    Contra Land, Building, Equipment
  15. Utility Deposits
    Other Assets
  16. Federal Income Tax Withheld
    Current Liabilities
  17. Warranty
    Current Liabilities
  18. Interest Payable
    Current Liabilities
  19. Unearned Revenue
    Current Liabilities
  20. Unearned Rent
    Current Liabilities
  21. Deferred Gross Profit on Installment Sales
    Current Liabilities/ Long Term Liabilities
  22. Property Dividend Payable
    Current Liabilities
  23. Discount on Note Payable
    Contra Long Term Liabilities
  24. Bonds Payable
    Long Term Liabilities
  25. Bond Discount
    Contra Long Term Liabilities
  26. Bond Premium
    Contra Long Term Liabilities
  27. Contingent Loss from Lawsuit (Reasonably Possible) 
    Footnote Disclosure Only
  28. Contingent Loss from Lawsuit (Probable and Estimable)
    Other expenses and losses
  29. Mandatory  Redeemable Preferred Stock
    Long Term Liabilities
  30. Stock Dividends Distributable
    Stockholders Equity
  31. Retained Earnings
    Stockholders Equity
  32. Deficit
    Contra Stockholders Equity
  33. Accumulated Other Comprehensive Income/Loss
    Contra Stockholders Equity
  34. Dividends
    Retained Earnings Statement Only
  35. Sales Discount
    Contra Revenue
  36. Sales Returns and Allowances
    Contra Revenue
  37. Purchase Discount
    Contra Expenses
  38. Purchase Discount Lost
    Expenses
  39. Purchases Returns and Allowances
    Contra Expenses
  40. Provision for Income Taxes
    Expenses
  41. Impairment Loss on Machinery and Equipment
    Other Expenses and Losses
  42. Write-down/ Write off of Goodwill due to Impairment
    Other Expenses and Losses
  43. Business Restructuring Loss
    Expenses
  44. Loss on Discontinued Operation
    Below the Line Items
  45. Gain on Insurance Settlement
    Expenses
  46. Correction of an Accounting Error Occurring in a Prior Period
    Retained Earnings Statement Only
  47. Prior Period Adjustment
    Retained Earnings Statement Only
  48. Unrealized Loss from Foreign Currency Translation Adjustments
    Comprehensive Income
  49. Pension Liability Adjustment
    Statement of comprehensive Income
  50. Fair Value Adjustment- Trading Securities
    Contra Current Assets
  51. Fair Value Adjustment-Available for Sale Securities
    Contra Long Term Investments
  52. Loss on Early Extinguishment of Debt
    Other Expenses and Losses
  53. Foreign Currency Transaction Loss
    Other expenses and losses

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