Proposal of Chart of Account For Execpro Resources

PROPOSAL OF CHART OF ACCOUNT FOR EXECPRO RESOURCES _______________________________________________________________________________
10000 ASSETS 11000 Current Assets 11100 Cash On Hand 11110 Checking Account 11120 Payroll Checking Account 11130 Cash Drawer 11140 Petty Cash/Contra Account 11150 Undeposited Funds 11160 Electronic Clearing Account 11170 CIMB Bank TT 11180 Investment/Loan Account Receivable/Trade Debtor Allowance for Doubtful Account Contracts Receivable Other Receivable Saving Account Special Account Cash Cash Cash Cash Cash Cash Cash Cash Cash Account Receivable Account Receivable Account Receivable Account Receivable
11200 11300 11400 11500 11600 11700 12000 Inventory Inventory 12100 Supplies Inventory Inventory 13000 Others Current Assets Other Current Assets 13100 Deposits Paid Other Current Assets 13200 Prepaid/Prepayment Other Current Assets 13400 Employee Advances Other Current Assets 13500 Staff Loan Other Current Assets 13600 Rental Deposit Other Current Assets 13700 Fixed Deposit Other Current Assets 13800 Notes Receivable-Current Other Current Assets 14000 Fixed Assets 14100 Furniture & Fixtures Cost Fixed Assets 14200 Air Conditioner Cost Fixed Assets 14300 Motor Vehicles Cost Fixed Assets 14400 Computer & Peripherals Cost Fixed Assets 14500 Office Equipment Cost Fixed Assets 14600 Renovation Fixed Assets 14700 Building Fixed Assets 14800 Classroom Equipment Cost Fixed Assets 15000 Others Assets 15100 Organization Costs Other Assets 15200 Accum. Amortization -Org. Costs Other Assets 15300 Notes Receivable-NonCurrent Other Assets 15400 Other NonCurrent Assets Other Assets 16000 Accumulated Depreciation 16100 Depr- Furniture & Fixture Accumulated Depreciation 16200 Depr- Air Conditioner Accumulated Depreciation 16300 Depr- Motor Vehicles Accumulated Depreciation 16400 Depr- Computer & Peripherals Accumulated Depreciation 16500 Depr- Furniture & Fixture Accumulated Depreciation 16600 Depr- Office Equipment Accumulated Depreciation 16700 Depr- Renovation Accumulated Depreciation 16800 Depr- Building Accumulated Depreciation 16900 Depr- Classroom Equipment Accumulated Depreciation 20000 LIABILITIES 21000 Current Liabilities 21100 Credit Cards Other Current Liabilities 21110 American Express Other Current Liabilities 21120 Master Other Current Liabilities 21130 Visa Other Current Liabilities 21200 Account Payable / Trade Creditor Account Payable 21210 A/P Accural - Inventory Other Current Liabilities 21300 Sales Tax Payable Other Current Liabilities 21310 Import Duty Payable Other Current Liabilities 21400 Accrued Employer Expenses Other Current Liabilities 21500 Employee Benefits Payable Other Current Liabilities 21600 Student Tuition Deposits Other Current Liabilities __________________________________________________________________________________________________Page: 1/4 Printed on: 29/5/2012 12:21 AM

21700 Other Current Liailities 21710 Accrual 21720 Amount Owing to Director - Zainol 21730 Income Taxes 21740 Provision for Taxation 21750 Hire Purchase Creditor 21760 Current Portion Long-Term Debt 21770 Suspense-Clearing Account 21780 H/P Interest In Suspend 21800 Contracts Payable 21810 Contracts Payable - UTMSPACE 21820 Sundry Creditor - UTMSPACE Long-Term Liabilities 22100 Bank Loans 22200 Long-Term Debt- NonCurrent 22300 Contract Payable- NonCurrent 22400 Other Long-Term Liabilities 22500 Deferred Taxation Owner's Equity 31100 Owner's Contribution/Investment 31200 Owners Withdrawal Paid-In Capital Dividends Paid Retained Earnings Current Year Earnings Historical Balancing Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Long Term Liabilities Long Term Liabilities Long Term Liabilities Long Term Liabilities Long Term Liabilities
22000
30000
EQUITY 31000
40000
Sales Income Income 41100-RFUTM Registration Fees - UTM Income 41100-RFBABA Registration Fees - BABA Income 41100-RFMBA Registration Fees - MBA Income 41200-TFUTM Tuition Fees - UTM Income 41200-TFBABA Tuition Fees - BABA Income 41200-TFMBA Tuition Fees - MBA Income 41300-COMUTM Commission - UTMSPACE Income 41300-COMBMIC Commission - BMIC Income 41300-COMMIC Commission - MIC Income 41500 Consultancy Fees Income 41600 Training Fees Income 41700 Sales and Services Income 41800 Endowment Income 44000 Fundraising Income Income 45000 Grants Income 46000 Retail Sales Income 47100 Delivery Fees Collected Income 47200 Late Fees Collected Income 47300 Interest Income Income 47400 Fee Refunds Income 47500 Fee Discounts Income 47600 Discount Allowed Income 49000 Miscellaneous Income Income 49100 Gain/Disposal of Fixed Assets Income 49200 Finance Charge Income Income 49300 Fixed Deposit Interest Received Income 49400 Sales Return Income 49500 Bad Debts Income 49600 Other Income Income 50000 COST OF SALES 51000 Purchases Cost of Sales 52000 UTMSPACE Service Charges Cost of Sales 52100 Executive Diploma Courses Charges Cost of Sales 52200 Professional Diploma Courses Charges Cost of Sales 53000 Operating/Service Cost Cost of Sales __________________________________________________________________________________________________Page: 2/4 Printed on: 29/5/2012 12:21 AM
32000 33000 38000 39000 39999 INCOME 41000
Equity-Gets Closed Equity-Gets Closed Equity-Gets Closed Equity-Gets Closed Equity-Retained Earnings

54000 Postage & Courier Cost of Sales 55000 Transport & Forwarding Charges Cost of Sales 56000 Freight Cost of Sales 60000 EXPENSES 61000 Default Purchases Expenses Expenses 61100 Fundraising Expenses Expenses 61110 Professional Fundraising Fees Expenses 61200 Advertising & Promotions Expenses 61300 Classroom Expense Expenses 61310 Equipment Rental Expenses 61400 Depreciation - susut nilai Expenses 61500 Discounts Expenses 61510 Discounts Given Expenses 61520 Discounts Taken Expenses 61600 Dues & Subscription - hutang/owed to someone Expenses 61700 Insurance Expenses 61800 Interest Expenses 61900 Late Fees Paid Expenses 62000 Legal & Accounting Expenses 62100 License Fees Expenses 62200 Accounting Fees Expenses 62300 Legal Fees 62400 Secretarial Fees Expenses 62500 Audit Fees Expenses 62600 Professional Fees Expenses 62610 Freelance - Admin/Account Expenses 62620 Freelance - Marketing Expenses 62630 Freelance - Trainer Expenses 62640 Freelance - Ishak Expenses 62650 Freelance - Yusmina Expenses 62660 Freelance - Kamalia Expenses 63000 Payroll Expenses 63110 Salaries - Nur Hanani Expenses 63120 Salaries - Nik Noor Azian Expenses 63200 Vacation Expenses Expenses 63300 Employer Expenses Expenses 63400 Travelling & Entertainment Expenses 63500 Income Tax Expenses 64000 Commissions Expenses 64110 Commission - Freelance Expenses 64120 Commission - Ishak Expenses 64130 Commission - Kamalia Expenses 65000 Allowances Expenses 65100 Allowance - Car Expenses 65200 Allowance - Handphone Expenses 65300 Allowance - Meals Expenses 65400 Allowance - Travelling Expenses 65000 Bonus & Incentive Expenses 65110 Bonus & Incentive - Nur Hanani Expenses 65120 Bonus & Incentive - Nik Noor Azian Expenses 66000 Utilities Expenses 66100 Telephone/Fax Charges Expenses 66200 Handphone Charges Expenses 66300 Internet/Broadband Charges Expenses 66400 Electricity Expenses 66500 Water Expenses 67000 Bank Service Charges Expenses 68000 Director Fee/Remuneration Expenses 68100 Director Fee/Remuneration - Zainol Expenses 69000 Miscellaneous Expenses Expenses 69100 General Expenses Expenses 69200 Petrol Expenses 69300 Toll Expenses 69400 Parking Expenses __________________________________________________________________________________________________Page: 3/4 Printed on: 29/5/2012 12:21 AM

69500 Meals & Entertainment 69600 Road Tax & Insurance 69700 Rental 69800 EPF Contribution 69810 EPF Contribution - Employer 69820 EPF Contribution - Employee 69900 SOCSO Contribution 69910 SOCSO Contribution - Employer 69920 SOCSO Contribution - Employee 70100 Others Expenses 70200 Training Fees/Lunch Talk 70300 Travelling Expenses 70400 Overseas Travelling Charges 70500 Outstation Travel Allowance 70600 Flight/Bus Ticket Expenses 70700 Healthcare Insurance 70800 Upkeep of Motor Vehicle 70900 Upkeep of Office 71000 Upkeep of Office Equipment 71100 Medical Fees 71200 Cleaning Charges 71300 Overtime 71400 Office Refreshment 71500 Donation & Gifts 71600 Staff Welfare 71700 Student Welfare 71800 Shrinkage/Spoilage 71900 Stationaries/Office Supplies 72000 Preliminary Expenses 72100 Stamp Duty 72200 Service Tax 72300 Registration Fees 72400 Meeting Expense 72500 Hire Purchase Interest 72600 Fine/Summon 72700 Preliminary Expenses 72800 Purchase Discount-Expense Item OTHER INCOME 81000 Interest Income - CIMB OTHER EXPENSES 91000 Interest Expenses - CIMB Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses
80000 90000
__________________________________________________________________________________________________Page: 4/4 Printed on: 29/5/2012 12:21 AM

Proposal of Chart of Account For Execpro Resources

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PROPOSAL OF CHART OF ACCOUNT FOR EXECPRO RESOURCES _______________________________________________________________________________