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Example of an Account Plan

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This is an example of an account plan for a company called Kafue Super. Kafue Super runs a shop and a tailoring workshop.

The account plan is structured like this:

Asset accounts - show the value in the company (Assets)
Liability accounts - show the debt/financing of the company (Liabilities)
Income and Expenses accounts - show the day-to-day running of the company - (Profit and loss)

Account Plan for Kafue Supermarket

ASSETS
000 Cash in hand
010 Cash in bank
030 Staff debtors
040 Other debtors

Buildings
100 Shop
110 Tailoring workshop

Tools and equipment
120 in the shop
130 in the tailoring workshop

LIABILITIES
200 Creditors, Owner
210 Other creditors
220 Donations
230 Capital account
240 Sale tax

INCOME AND EXPENSES

Activity centre: Shop
300 Shop sale
310 Shop purchase
320 Shop salary

Activity centre: Tailors
400 Tailoring sale
410 Tailoring purchase
420 Tailoring salary

Fixed costs
500 Stationary
510 Salary Administration
520 Sundry
530 Cash deviations
540 Fuel/transport

Maintenance of building
600 Shop
610 Tailoring workshop

Other income
700 Interest
710 Other income

Jump in the numbering
In the account plan there are two "jumps in the numbering"

100-200-300… This helps you remember the structure of the account plan
500-510-520…. This gives you the possibility to divide the accounts in even more detailed accounts.
For instance:
511: Salary Mr. Vijay
512: Salary Mrs. Gian
513: Mr. Wu

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Example of an Account Plan

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17-10-2010

coffee shope

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