Asset, Liability,SD,GAA,FE expenses, income

Cash at bank

current asset

Accounts receivable/debtors

current asset

Inventory

current asset

Prepaid insurance

current asset

GST credits

current asset

Stationary supplies

(If selling it)

current asset

Prepaid rent

current asset

Motor vehicle

Non-Current asset

office equipment

Non-Current asset

Office furniture

Non-Current asset

Land and buildings

Non-Current asset

Accounts payable (Or creditors)

Current liabilities

Bank overdraft

Current liabilities

Loan repayable within 12 months

Current liabilities

Accrued expense

Current liabilities

A loan payed in 3 years

Non-Current liabilities

Advertising

Selling and distribution expense

Sales Wages (or sale salaries)

Selling and distribution expense

Sales commisions

Selling and distribution expense

Freight outwards/Cartage outwards (Shipping from business -> customer)

Selling and distribution expense

Doubtful debts

Selling and distribution expense

Bad debts

Selling and distribution expense

electricity

General and administration expenses

Insurance

General and administration expenses

office wages/salaries

General and administration expenses

Telephone calls

General and administration expenses

Stationary

(If buying it for the business)

General and administration expenses

Interest paid

Financial expenses

Bank fees

Financial expenses

Charges on a loan

Financial expenses

Less sales returns

Sales

Less discount allowed

Sales

Less cost of sales

Net sales

Freight inwards

Net sales

Customs duty

Net sales

less discount received

Net sales

Interest income

Any other income