Imagine that you own a dentist business.

Create a Chart of Accounts that the business would need to use. There must be a minimum of 14 accounts: 4 current assets, 2 fixed assets, 2 current liabilities, 1 long-term liability, 1 capital, 1 drawings, 1 revenue, 5 expenses

• The assets, liabilities and capital must have opening balances.
• Please include HST Payable and HST Recoverable & Prepaid Insurance

MAKE SURE TO MAKE CHART OF ACCOUNTS WITH A DESCRIPTION not balance sheet or anything else,

Example

NO. Account Title Description