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What are the account titles?

And their meaning!

Asked By: Charline cuTe - 6/21/2009
Best Answer - Chosen by Asker
Do You Mean This?
=Assets

Cash
Accounts Receivable
(Allowance for Bad Debts or Doubtful Accounts)
Supplies
Inventory
Office Supplies
Prepaid Expenses
Prepaid Rent
Prepaid Insurance
Notes Receivable
Investments
Land
Buildings
Equipment
Property, Plant and Equipment
(Accumulated Depreciation)


=Liabilities

Accrued Expenses
Notes Payable
Accounts Payable
Unearned Revenues
Unearned Rent
Wages Payable
Dividends Payable
Income Taxes Payable
Notes Payable
Bonds Payable
Premium on Bonds Payable
(Discount on Bonds Payable)
Mortgage Payable


=Owners’ Equity

Common Stock
Preferred Stock
Retained Earnings
(Treasury Stock)
Capital (Proprietorship or Partnership)
Capital Stock
Dividends

=Revenues

Sales Revenue
(Sales Returns)
(Sales Discounts)
Fees Earned
Rent Revenue
Service Revenue
Investment Revenue
Interest Revenue


{Beginning Inventory
+ Purchases
Goods Available for Sale
- Ending Inventory
Cost of Goods Sold

=Expenses

Cost of Goods Sold
Wages Expense
Utilities Expense
Telephone Expense
Rent Expense
Insurance Expense
Supplies Expense
Depreciation Expense
Income Tax Expense



OR


This?

1.Title: Accountant (General, Cost)
Job Description:
This individual must have 1 to 3 years experience with the full accounting cycle. They are to assist the Senior Accountant or are to prepare of the financial statements and various accounting reports; audits contracts, orders and vouchers; implements general accounting systems.
2.Title: Accounting Clerk
Job Description:
Assists with journal entries under supervision of either the bookkeeper or the assistant bookkeeper; helps in the preparation of custom internal reports and posting entries to specific accounts.
3.Title: Accounting Manager
Job Description:
This is the front line manager within a company responsible for the employment and production of those involved in the approved accounting practices of the company and provides accurate reporting and financial results to the Controller.
4.Title: Analyst (Financial, Budget, Cost)
Job Description:
At least 1 year of experience with the full accounting cycle and the preparation of financial statements. They are to apply the principles of accounting module to analyze past and present financial operations; with this they are to estimate future revenues and expenditures; prepare budgets; develop, installs and maintains budgeting systems.
5.Title: A/P (Accounts Payable) Clerk
Job Description:
Realizing that all of the company outstanding accounts must be paid this position is responsible to track and pay in a timely manner all company transactions, recording all entries and trial balances; they are responsible for the accuracy of all journal entries; and updates the credit department on account status.



6.Title: A/P (Accounts Payable) Supervisor
Job Description:
This position is to supervise the process used within a company to pay its bills is such a way to maintain a favorable relationship with its vendors. Opportunities to establish and extend lines of credit as well as acquiring discounts for such things as early payments and payments in full should be sought. This individual should also be aware of upcoming invoices that need to be paid so that they monies to pay such are known within management and are being made available such that late fees and fines are not incurred.
7.Title: A/R (Accounts Receivable) Clerk
Job Description:
Realizing that all of the company outstanding accounts must be collected and processed this position is responsible to track and collect in a timely manner all company transactions, recording all entries and trial balances; they are responsible for the accuracy of all journal entries; and updates the credit department on each account status
8.Title: A/R (Accounts Receivable) Supervisor
Job Description:
This position is to supervise the procedures used within to collect on the monies owed the company for products provided and/or services rendered. It is important that while outstanding accounts are resolved that they are done so as to maintain a favorable relationship with its customers whether they be individuals or businesses.
Opportunities to establish and extend lines of credit as well as acquiring discounts for such things as early payments and payments in full may be sought. This individual should also be aware of upcoming invoices that may be paid and should consider a standard system of aging such accounts. Such an account receivables process to age accounts as those which are outstanding for (30, 60, 90, 120+ days). For such accounts this person is to oversee the collection process of the company from letters, phone calls to collection agencies. They should be able to project when monies may be paid and such information is made known to management.
This person is also responsible for the stability and moral in the accounts receivable department.
Answered By: JD - 6/23/2009
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