Question

Discuss any 6 ledger account in an accounting package

Answer 1

Answer:

Assets (Cash, Accounts Receivable, Land, Equipment)

Liabilities (Loans Payable, Accounts Payable, Bonds Payable)

Stockholders' equity (Common Stock, Retained Earnings)

Operating revenues (Sales, Service Fees)

Operating expenses (Salaries Expense, Rent Expense, Depreciation Expense)

Non-operating revenues and gains (Investment Income, Gain on Disposal of Truck)

Non-operating expenses and losses (Interest Expense, Loss on Disposal of Equipment)