Detail Accounts and the Type Of Accounts
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NOTE: Simply place your mouse cursor over the Major Account Type and the Balance Sheet or Income Statement. There is no need to click the answer.

Detail Account Name Major Account Type (Group)        Balance Sheet or
Income Statement Account
1. Cash Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
2. Depreciation Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
3. Prepaid Rent Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
4. Advertising Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
5. Accounts Payable Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
6. Rental Income Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
7. Inventory Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
8. Sales Tax Payable Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
9. Bad Debts Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
10. Owner's Capital Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
11. Notes Receivable Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
12. Interest Income Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
13. Cost Of Goods Sold Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
14. Interest Expense Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
15. Utilities Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
16. Computers & Office Equipment Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
17. Product Sales Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
18. Common Stock Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
19. Income Tax Payable Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
19. Professional Fees Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
21. Land Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement
22. Retained Earnings Asset Liability Owner's Equity Revenue Expense   Balance Sheet Income Statement

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