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Multi-Currency Accounting for Company | Canada | Account numbers
Canada
Double-Entry Accounting with foreign currencies
Business
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Starter Company Banana
Basic Currency: CAD
Double-entry with foreign currencies
| Group | Account | Description | Currency | Sum In | Gr1 |
|---|---|---|---|---|---|
| BALANCE SHEET | |||||
| ASSETS | |||||
| 11200 | Bank Account | CAD | 12 | ||
| 11201 | Bank Account USD | USD | 12 | ||
| 11202 | Bank Account EUR | EUR | 12 | ||
| 11300 | Petty Cash | CAD | 12 | ||
| 120 | Accounts Receivable | 12 | 1 | ||
| 12200 | Allowance for Bad Debts | CAD | 12 | ||
| 12400 | Accounts Receivable - Other | CAD | 12 | ||
| 12500 | Due from Shareholder | CAD | 12 | ||
| 12600 | Due from Employees | CAD | 12 | ||
| 12700 | Investments | CAD | 12 | ||
| 12800 | Income Taxes Recoverable | CAD | 12 | ||
| 12850 | Sales Taxes Recoverable | CAD | 12 | ||
| 13000 | Inventory | CAD | 12 | ||
| 14000 | Prepaid Expenses | CAD | 12 | ||
| 14100 | Prepaid Deposits | CAD | 12 | ||
| 12 | Total Current Assets | 100 | |||
| 15110 | Furniture and Equipment | CAD | 15 | ||
| 15120 | Furn. & Equip. - Acc. Am. | CAD | 15 | ||
| 15210 | Computer Equipment | CAD | 15 | ||
| 15220 | Computer Equip. - Acc. Am. | CAD | 15 | ||
| 15310 | Vehicle | CAD | 15 | ||
| 15320 | Vehicle - Acc. Am. | CAD | 15 | ||
| 15 | Total Long Term Assets | 100 | |||
| 100 | TOTAL ASSETS | 00 | 1 | ||
| LIABILITIES & EQUITY | |||||
| LIABILITIES | |||||
| 220 | Accounts Payable | 22 | 1 | ||
| 22200 | Accrued Liabilities | CAD | 22 | ||
| 22300 | Accounts Payable - Other | CAD | 22 | ||
| 22400 | Visa payable | CAD | 22 | ||
| 23500 | HST Charged on Sales | CAD | 22 | ||
| 23510 | HST Paid on Purchases | CAD | 22 | ||
| 23520 | HST Instalments | CAD | 22 | ||
| 23530 | HST Payable | CAD | 22 | ||
| 23600 | PST Payable | CAD | 22 | ||
| 23700 | GST & QST Payable | CAD | 22 | ||
| 23800 | Accrued Payroll | CAD | 22 | ||
| 23900 | Source Deductions Payable | CAD | 22 | ||
| 24000 | Corporate Tax Payable - Fed. | CAD | 22 | ||
| 24100 | Corporate Tax Payable - Prov. | CAD | 22 | ||
| 25300 | Line of Credit | CAD | 22 | ||
| 25400 | Due to Shareholder | CAD | 22 | ||
| 25900 | Current Portion of Debt - ST | CAD | 22 | ||
| 22 | Total Current Liabilities | 2 | |||
| 26200 | Term Loan | CAD | 26 | ||
| 26300 | Current Portion of Debt - LT | CAD | 26 | ||
| 26 | Total Long Term Liabilities | 2 | |||
| 2 | Total Liabilities | 2-3 | |||
| EQUITY | |||||
| 31000 | Common Shares | CAD | 3 | ||
| 38000 | Retained Earnings | CAD | 3 | ||
| 3800 | (Profit)/Loss for the period | 3 | 1 | ||
| 39000 | Dividends | CAD | 3 | ||
| 3 | Total Equity | 2-3 | |||
| 2-3 | TOTAL LIABILITIES & EQUITY | 00 | 1 | ||
| INCOME STATEMENT | |||||
| REVENUE | |||||
| 41100 | Sales | CAD | 4 | ||
| 41900 | Other Income | CAD | 4 | ||
| 44000 | Exchange Gain/Loss | CAD | 4 | ||
| 4 | TOTAL REVENUE | L01 | 1 | ||
| COST OF SALES | |||||
| 51100 | Inventory - Opening | CAD | 5 | ||
| 51200 | Purchases | CAD | 5 | ||
| 52000 | Freight | CAD | 5 | ||
| 52200 | Inventory - Closing | CAD | 5 | ||
| 52300 | Direct Materials | CAD | 5 | ||
| 52400 | Subcontractors | CAD | 5 | ||
| 55100 | Salaries and Wages | CAD | 5 | ||
| 55200 | CPP Expense | CAD | 5 | ||
| 55300 | EI Expense | CAD | 5 | ||
| 55400 | WSIB Expense | CAD | 5 | ||
| 55500 | Benefit Plan | CAD | 5 | ||
| 55600 | EHT Premiums | CAD | 5 | ||
| 5 | Total COST OF SALES | L01 | |||
| L01 | GROSS MARGIN | L02 | 1 | ||
| EXPENSES | |||||
| 61050 | Accounting | CAD | 6 | ||
| 61100 | Advertising & Marketing | CAD | 6 | ||
| 61200 | Amortization | CAD | 6 | ||
| 61400 | Bad Debts | CAD | 6 | ||
| 61500 | Bank Charges & Interest | CAD | 6 | ||
| 61550 | Business Tax & Licences | CAD | 6 | ||
| 61600 | Courier | CAD | 6 | ||
| 61620 | Computing expenses | CAD | 6 | ||
| 61650 | Consulting Fees | CAD | 6 | ||
| 61700 | Dues & Subscriptions | CAD | 6 | ||
| 61800 | Education & Training | CAD | 6 | ||
| 61900 | Equipment Rental | CAD | 6 | ||
| 62000 | Insurance | CAD | 6 | ||
| 62100 | Interest on Debt | CAD | 6 | ||
| 62200 | Legal Fees | CAD | 6 | ||
| 62250 | Management Salaries | CAD | 6 | ||
| 62300 | Meals & Entertainment | CAD | 6 | ||
| 62400 | Miscellaneous | CAD | 6 | ||
| 62500 | Office Supplies | CAD | 6 | ||
| 62600 | Rent | CAD | 6 | ||
| 62700 | Repairs & Maintenance | CAD | 6 | ||
| 63100 | Supplies | CAD | 6 | ||
| 63200 | Telephone & Internet | CAD | 6 | ||
| 63300 | Travel & Parking | CAD | 6 | ||
| 63400 | Utilities | CAD | 6 | ||
| 63500 | Vehicle Expenses | CAD | 6 | ||
| 6 | Total EXPENSES | L02 | 1 | ||
| L02 | Income Before Income Taxes | L03 | |||
| 90000 | Income Tax Provision | 9 | |||
| 9 | Total Income Taxes | L03 | 1 | ||
| L03 | NET (INCOME)/LOSS | 3800 | 1 | ||
| 00 | Total Debit/Credit Balance should be 0 | ||||
| Customers/Debtors | |||||
| C0001 | Customer A | CAD | 120A | ||
| C0002 | Customer B | CAD | 120A | ||
| C0003 | Customer C | CAD | 120A | ||
| C0004 | Customer D | CAD | 120A | ||
| C0005 | Test client | CAD | 120A | ||
| C0006 | R J Sample Co | CAD | 120A | ||
| 120A | Total Customers | 120 | 1 | ||
| Suppliers/Creditors | |||||
| S0001 | Supplier A | CAD | 220A | ||
| S0002 | Supplier B | CAD | 220A | ||
| S0003 | Supplier C | CAD | 220A | ||
| S0004 | Supplier D | CAD | 220A | ||
| S0005 | Supplier E | CAD | 220A | ||
| 220A | Total Suppliers | 220 | 1 | ||
| Cost and profit centers | |||||
| Departments (CC1) | |||||
| .OTT | Department 1 | CAD | TDE | ||
| .TOR | Department 2 | CAD | TDE | ||
| TDE | Total Department Expenses | ||||
| Projects (CC2) | |||||
| ,JOB1 | Project 1 | CAD | TPR | ||
| ,JOB2 | Project 2 | CAD | TPR | ||
| TPR | Total Projects | ||||
| Other (CC3) | |||||
| ;OT-1 | Other 1 | CAD | TOT | ||
| ;OT-2 | Other 2 | CAD | TOT | ||
| TOT | Total Other | ||||
| Segments | |||||
| : | Branch | TS1 | |||
| :01 | Ottawa | TS1 | |||
| :02 | Wancouver | TS1 | |||
| TS1 | Total Branch | ||||
| :: | Sectors | TS2 | |||
| ::01 | Sales | TS2 | |||
| ::02 | Reasearch | TS2 | |||
| TS2 | Total sectors |
| Ref.Currency | Currency | Text |
|---|---|---|
| USD | ||
| EUR |