Caffe La Tea

Chart of Accounts

1000 Assets
Current Assets
1100 Cash on Hand
1101 Cash on Hand
1102 Petty Cash Fund
1200 Cash in Bank
1201 Cash in Bank - BDO
1202 Cash in Bank - East West
1300 Accounts Receivable
1301 AR Customer
1302 AR Officers and Employees
1311 Allowance for Doubtful Accounts (contra account)
1400 Merchandise Inventory
1500 Prepaid Expenses
Non-Current Asset
1600 Property Plant and Equipment
1601 Land
1602 Building
1603 Building
1604 Furniture, Fixtures and Equipment
1605 Accum. Depreciation - Furniture, Fixtures and Equipm
1606 Information Technology Equipment
1607 Accum. Depreciation - Information Technology Equipm
1608 Other Office Equipment
1609 Accum. Depreciation - Other Office Equipment
1610 Transportation Equipment
1611 Accum. Depreciation - Transportation Equipment
1612 Leasehold Rights and Improvements
1613 Accum. Depreciation - Leasehold Rights and Improve
1700 Other Assets
1701 Stationery and Supplies on Hand
1702 Miscellaneous Assets
2000 Liabilities
Current Liabilities
2100 Accounts Payable
2101 AP Suppliers
2102 AP Officers/Directors
2200 Income Tax Payable
2300 Accrued Expenses

2301 Accrued Salaries Expenses

2302 Accrued Other Expenses
2400 SSS, Philhealth and Pag-ibig Premiums Payable
2401 SSS Premiums Payable
2402 Pag-Ibig Premiums Payable
2403 Philhealth Premiums Payable
2500 Miscellaneous Liabilities
Non-current Liabilities
2700 Loans Payable

3000 Equity Accounts

3100 Capital Stock
3101 Paid-in Capital Stock
3200 Retained Earnings
3300 Net Income (Loss)

4000 Income
4100 Net Sales
4101 Sales
4102 Sales Returns and Allowances (contra account)
4200 Interest Income
4300 Franchise Fee Income
4400 Royalties
4500 Management Fee Income
4600 Income from Investment
5000 Expense
Interest Expense
Salaries and Wages
Director's Fees
Taxes and Licenses
Franchise Fee Expense
Other Administrative Expense
Rent
Power, Light and Water
Postage, Telephone, Cables and Telegrams
Repairs and Maintenance
Security, Clerical, Messengerial and Janitorial Services
Information Technology Expenses
Management and Other Professional Fees
Representation and Entertainment

Traveling Expenses
Fuel and Lubricants
Advertising and Publicity
Membership Fees and Dues
Donations and Charitable Contributions
Periodicals and Magazines
Stationery and Supplies Used
Fines, Penalties and Other Charges
Depreciation Expense

Depreciation
Depreciation
Depreciation
Depreciation
Depreciation
Depreciation
Income Tax Expense

Expense
Expense
Expense
Expense
Expense
Expense

Building
Furniture, Fixtur
Information Tec
Other Office Equ
Transportation E
Leasehold Right

ts (contra account)

e, Fixtures and Equipment

tion Technology Equipment

ffice Equipment

rtation Equipment

ld Rights and Improvements

(contra account)

d Telegrams

nd Janitorial Services

ense
ense
ense
ense
ense
ense

Building
Furniture, Fixtures and Equipment
Information Technology Equipment
Other Office Equipment
Transportation Equipment
Leasehold Rights and Improvements

ACCOUNTING ENTRIES
1 Entry to record purchases on account.
Purchases/Merchandise Inventory
Accounts Payable
2 Entry to record purchases in cash.
Purchases/Merchandise Inventory
Cash in Bank
3 Entry to record payment of Accounts Payable
Accounts Payable
Cash in Bank
4 Entry to record transfer of raw materials from stockroom to bar/kitchen.
Cost of Sales
Merchandise Inventory
5 Entry to record acquisition of furniture, fixture or equipment in cash
Furniture, Fixture and Equipment
Cash in Bank
6 Entry to record acquisition of furniture, fixture or equipment on account
Furniture, Fixture and Equipment
Accounts Payable
7 Entry to record acquisition of office supplies
Asset Method
Stationery and Supplies Unused
Cash in Bank
Month end
Stationery and Supplies Expense
Stationery and Supplies Unused
Expense Method
Stationery and Supplies Expense

Cash in Bank
The method to be used depends on the preference of the management.
6 Entry to set-up/increase Petty Cash Fund
Petty Cash Fund
Cash in Bank
7 Entry to record replenishment of Petty Cash Fund

Type of expense
Cost of Sales (if the items purchased were raw materials for bar and kit
Cash in Bank
8 Entry to record sales for the day (remittance report)
Cash on Hand
Sales
Entry to record sales on account
Accounts Receivable
Sales
Entry to record deposit of cash for previous day's sales.
Cash in Bank
Cash on Hand
Entry to record collection of Accounts Receivable
Cash on hand
Accounts Receivable
Entry to record payment of salaries

Salaries Expense
SSS Premiums Payable
Philhealth Premiums Payable
Pag-ibig Premiums Payable
Accounts Receivable - Officers and Employees (pertaining to am
Cash in Bank

Entry to record loans/advances of employees

Accounts Receivable - Officers and Employees
Cash in Bank
Entry to record payment of store rentals
Rent Expense
Cash in Bank

ckroom to bar/kitchen.

equipment in cash

equipment on account

e of the management.

e raw materials for bar and kitchen)

d Employees (pertaining to amortized payment for loans/cash advance)