CHART OF ACCOUNTS FOR A MANAGO COMPUTER COMPANY:

Construction companies often have unique accounting needs due to the nature of their
business operations. Therefore, it’s essential to customize the chart of accounts to
reflect these specific requirements. This may include:

Asset Accounts:

Account ID Description Account type

100 Cash on hand Cash

101 Money in checking account Cash

102 Petty cash Cash

103 MCB Cash

104 HBL Cash

105 Inventory Inventory

106 Office Furniture Fixed Assets

107 Office computers Fixed Assets

108 Other equipment’s Fixed Assets

109 Amounts owed to the business (Debtors)/Accounts Receivable Other current Assets

110 Advance payments for future expenses (Prepaid Expense) Other current Assets

111 office building Fixed Assets

Liability Accounts:

Account ID Description Account Type

201 Amounts owed by the business /outstanding loans and debts Long term Liabilities
(Loan)

202 Expenses incurred but not yet paid (e.g., Accrued Expense). Other Current
Liabilities

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Account ID Description Account Type

203 Outstanding credit card balances Other Current

Liabilities

204 Income tax payable Other Current

Liabilities

205 Sales tax payable Other Current

Liabilities

206 Salaries payable Other Current

Liabilities

207 Notes payable Other Current

Liabilities

Equity Accounts:

Account ID Description Account Type

301 Owner’s investment in the business /capital / Owner’s Equity Equity retained
earnings

302 Drawing Equity gets closed

Revenue Accounts:

Account ID Description Account Type

401 Revenue from construction projects Income

402 Income from service fees Income

403 Income from subcontractor services Income

404 Additional revenue from project changes Income

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Expense Accounts:

Account ID Description Account Type

501 Other expense Expenses

502 Rent expense Expenses

503 Salaries expense Expenses

504 Miscellaneous expense Expenses

505 Income tax expense Expenses

506 Utility bills expenses Expenses

507 Office supplies expenses Expenses

508 Bad debts expenses Expenses

Cost Of Sale
601 Hdd Cost of sale

602 Ram Cost of sale

603 M board Cost of sale

604 Floppy drive Cost of sale

605 Cd drive Cost of sale

606 Casing

607 Data cable

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608 Vga cable

609 Net card

610 Power supply

611 Processor

612 Sound card

613 Mango computer

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 GENERAL JOURNAL ENTRIES
S.NO TRANSACTION DR. ENTRY CR. ENTRY DR. CR.
AMOUNT AMOUNT

1 Purchased office computer Rs.10.000 on cash Office Cash in 10,000 10,000

computer hand

2 Mr. Nadeem shah withdraws cash for personal drawings HBL 20,000 20,000
use Rs.20,000 from HBL

3 Purchased office supplies on account Rs.2000 Office Accounts 2,000 2,000

supplies payable

4 Paid insurance premium by check from HBL Insurance HBL 1,000 1,000
Rs.1000 expense

5 Purchased a printer toner Rs.3000 on cash Office Cash in 3,000 3,000

supplies hand

6 Paid for taxi fare Rs.350 from petty cash Other Petty cash 350 350
expense

7 Purchased office furniture Rs.8,000 Office Cash in 8,000 8,000

furniture hand

8 Paid salaries to employee for the month of Jan Salaries Bank Alfalah 60,000 60,000
Rs.60,000 from bank Alfalah expense

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INVENTORY ITEM LIST

item 1 item 2 item 3 item 4

Item id 101 Item id 102 Item id 103 Item id 104
Description Hard disk Description Ram Description Mother Description Floppy
drive board drive
Item class Stock Item class Stock Item class Stock item Item class Stock
item item item
Unit cost 2000 Unit cost 300 Unit cost 4000 Unit cost 300
Quantity on 50 Quantity on 50 Quantity on 50 Quantity on 50
hand hand hand hand

item 5 item 6 item 7 item 8

Item id 105 Item id 106 Item id 107 Item id 108
Description Cd drive Description Tower Description Data cable Description VGA
casing card
Item class Stock Item class Stock Item class Stock item Item class Stock
item item item
Unit cost 900 Unit cost 600 Unit cost 100 Unit cost 300
Quantity on 50 Quantity on 50 Quantity on 50 Quantity on 50
hand hand hand hand

item 9 item 10 item 11 item 12

Item id 109 Item id 110 Item id 111 Item id 112
Description Network Description Power Description Processor Description Sound
card supply card
Item class Stock Item class Stock Item class Stock item Item class Stock
item item item
Unit cost 400 Unit cost 1000 Unit cost 6000 Unit cost 300
Quantity on 50 Quantity on 50 Quantity on 50 Quantity on 50
hand hand hand hand

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 LIST OF PERMANENTS VENDORS BY USING MAINTAIN MENU
Vendor 1 Vendor 2 Vendor 3 Vendor 4
Vendor id 101 Vendor id 102 Vendor id 103 Vendor id 104
Name Ali Name Name Name
computer
Contact Ali azmat Contact Contact Contact
Account Mcb Account Account Account
no no no no
Address Rasool Address Address Address
part
Country Pakistan Country Country Country
Vendor Manf Vendor Vendor Vendor
type type type type
Purchase Other Purchase Purchase Purchase
account expense account account account
Ship via Courier Ship via Ship via Ship via
Terms n/30,2/10 Terms Terms Terms
Vendor 5 Vendor 6 Vendor 7 Vendor 8
Vendor id 105 Vendor id 106 Vendor id 107 Vendor id 108
Name Name Name Name
Contact Contact Contact Contact
Account Account Account Account
no no no no
Address Address Address Address
Country Country Country Country
Vendor Vendor Vendor Vendor
type type type type
Purchase Purchase Purchase Purchase
account account account account
Ship via Ship via Ship via Ship via
Terms Terms Terms Terms
Vendor 9 Vendor 10 Vendor 11
Vendor id 109 Vendor id 110 Vendor id 111
Name Name Name
Contact Contact Contact
Account Account Account
no no no
Address Address Address
Country Country Country
Vendor Vendor Vendor
type type type
Purchase Purchase Purchase
account account account
Ship via Ship via Ship via
Terms Terms Terms

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