Chart of Accounts Debit Account

by Henk
(Canada)

Chart of Accounts Debit Account

When creating an account within the Chart of Accounts, is there a way to have one account subtract the amount from another account?

Example:

You create a subgroup account called Capital Gain, and another subgroup account called Capital Loss.

Now you want a subgroup total account called Net Gain. How would the account Capital Loss be set up so the amount in this account is subtracted from Capital Gain?

Chart of Accounts Auto Question

by Maarten Verwey
(Apple Valley Ca USA)

Chart of Accounts Auto Expense

Is the Department of Motor Vehicles (DMV) expense a fee or automobile expense?

Chart of Accounts Cash vs Equity

by Steve H
(Anchorage, Alaska)

Chart of Accounts Cash vs Equity

For a sole proprietorship, do I need to set up a cash account/capitol account or is owner's equity basically the same thing? They both equity accounts correct?

IE: My quickbooks program doesn't have a cash account or capitol account listed in the chart of accounts (I can add one if needed). The chart of accounts does have owners equity listed.

Thanks, Steve

Chart of Accounts Fee Allocation

Chart of Accounts Fee Allocation

Where would I allocate a federally required fee to publish the company's tariffs? It seems like it would be COGS, subheading Legal Fees since it is a fixed cost and to distinguish it from Office Expenses - Legal Fees for variable legal fees not directly related to projects.

I don't think it falls under Advertising since it's a federally required fee and fixed cost?

Chart of Accounts Learning T Accounts

Chart of Accounts Learning T Accounts

I'm a student and I have a bookkeeping question I have to do a T account the question is If I paid 400 in rent Do I do 2 T accounts 1 for expenses and I'm not sure where the other goes on the chart of accounts.

Chart of Accounts Loss on Disposal

by Morris Yawane
(Port Moresby, Papua New Giunea)

Chart of Accounts Loss on Disposal

What I want to know is where in the chart of accounts would "loss on disposal" be found?

Chart of Accounts Miscellaneous

by Madi
(London)

Chart of Accounts Miscellaneous

When a parking permit is paid out from mt petty cash account is this a miscellaneous expense? Also, does council tax go into a General rates account?

Chart of Accounts Income Tax Refund

by Shari
( Nampa, ID)

Chart of Accounts Income Tax Refund

Which account should an income tax refund go to on the Chart of Accounts?

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