Al-Nour

Chart of Accounts

The company's approved chart. Header accounts organise the tree and cannot receive postings; only leaf accounts are postable.

Total accounts: 67
Posting Account: 48
Header Account: 19
Control account: 2

Account tree

Header accounts cannot receive postings; only leaf accounts are postable.

Account Code	Account Name	Account Class	Normal balance	Type
1	Assets	Assets	Debit	Header
11	Current Assets	Assets	Debit	Header
111	Cash and Banks	Assets	Debit	Header
11101	Cash on Hand	Assets	Debit
11102	Petty Cash	Assets	Debit
11103	Bank - Operating Account	Assets	Debit
112	Accounts Receivable	Assets	Debit	Header
11201	Trade Receivables Control	Assets	Debit	Control
11202	Cheques Under Collection	Assets	Debit
11203	Allowance for Doubtful Debts	Assets	Debit
113	Inventory	Assets	Debit	Header
11301	Trading Inventory	Assets	Debit
114	Prepayments and Other Receivables	Assets	Debit	Header
11401	Prepaid Rent	Assets	Debit
11402	Prepaid Expenses	Assets	Debit
11403	Employee Advances	Assets	Debit
11404	Input Sales Tax	Assets	Debit
11405	Other Receivables	Assets	Debit
115	Suspense Account	Assets	Debit
12	Non-current Assets	Assets	Debit	Header
121	Property and Equipment	Assets	Debit	Header
12101	Computer Equipment	Assets	Debit
12199	Accumulated Depreciation - Computer Equipment	Assets	Debit
2	Liabilities	Liabilities	Credit	Header
21	Current Liabilities	Liabilities	Credit	Header
211	Accounts Payable	Liabilities	Credit	Header
21101	Trade Payables Control	Liabilities	Credit	Control
21102	Goods Received Not Invoiced	Liabilities	Credit
21103	Other Payables	Liabilities	Credit
212	Accrued Expenses	Liabilities	Credit
213	Payroll and Statutory Payables	Liabilities	Credit	Header
21301	Salaries Payable	Liabilities	Credit
21302	Social Security Payable	Liabilities	Credit
21303	Payroll Income Tax Withheld	Liabilities	Credit
214	Sales Tax Payable	Liabilities	Credit
215	Unearned Revenue	Liabilities	Credit
3	Equity	Equity	Credit	Header
31	Capital	Equity	Credit
32	Retained Earnings	Equity	Credit
33	Net Profit for the Period	Equity	Credit
34	Owner's Drawings / Owner's Current Account	Equity	Credit
4	Revenue	Revenue	Credit	Header
41	Sales Revenue	Revenue	Credit
42	Service Revenue	Revenue	Credit
43	Sales Returns and Discounts	Revenue	Credit	Header
431	Sales Returns	Revenue	Credit
432	Sales Discount	Revenue	Credit
5	Cost of Sales	Cost of Sales	Debit	Header
51	Cost of Goods Sold	Cost of Sales	Debit
52	Cost of Services Delivered	Cost of Sales	Debit
53	Inventory Shortage / Count Difference	Cost of Sales	Debit
54	Damaged and Obsolete Inventory Written Off	Cost of Sales	Debit
6	Operating Expenses	Expenses	Debit	Header
61	Employee Costs	Expenses	Debit	Header
611	Salaries and Wages Expense	Expenses	Debit
612	Social Security Contributions — Employer Share	Expenses	Debit
62	Rent Expense	Expenses	Debit
63	Utilities Expense	Expenses	Debit
64	Depreciation Expense	Expenses	Debit
65	Office and Administrative Expenses	Expenses	Debit
66	Sundry (Petty-Cash) Expenses	Expenses	Debit
67	Doubtful Debts Expense	Expenses	Debit
7	Other Income and Expenses	Other Income and Expenses	Credit	Header
71	Bank Charges	Other Income and Expenses	Debit
72	Other Income	Other Income and Expenses	Credit
73	Discount Received	Other Income and Expenses	Credit
74	Cash Shortage and Overage	Other Income and Expenses	Debit

Every account name resolves through a glossary key, so a terminology correction from the accounting SME propagates here without this page being edited.