Chart of Accounts Nominal Codes

by Chris
(Wakefield)

Chart of Accounts Nominal Codes

Chart of Accounts Nominal Codes

What nominal ledger code should I book small tools bought in a mechanic garage please?

Comments for Chart of Accounts Nominal Codes

Average Rating starstarstarstarstar

Click here to add your own comments

Dec 12, 2017
Rating
starstarstarstarstar 		Common Chart of Accounts Codes
by: Stephanie

Thank you for your questions about Chart of Accounts nominal codes. There are many different number systems that can be used.

The list shown below is a common system of general ledger nominal codes used in the Chart of Accounts.

Fixed Assets 1 - 999
Current Assets 1000 - 1999
Current Liabilities 2000 - 2299
Long Term Liabilities 2300 - 2999
Capital and Reserves 3000 - 3999
Sales 4000 - 4999
Purchases 5000 - 5999
Direct Expenses 6000 - 6999
Overheads 7000 - 7999
Depreciation and Sundry 8000 - 8999
Suspense Accounts 9000 - 9999

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Chart of Accounts Questions.


Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you every month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.

Enter Your E-mail Address
Enter Your First Name (optional)
Then

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.

Like Bookkeeping-Basics.net?