Fulbright Economics Teaching Program Principles of Accounting Account Classification
Academic Year 2005-2006 ACCOUNT CLASSIFICATION

Normal Balance
A L OE R E
Dr Cr
Statement
Cash
Interest Expense
Stationery
JM’s Capital
Interest Payable
Sales Revenue
Office Equipment
Utilities Expense
Advances by Customers
Interest Revenue
Securities Investment
Trucks
JM’s Withdrawal
Salaries Expense
Accounts Receivable
Acc. Depreciation of
Equipment

Salaries Payable
Accounts Payable
Merchandise