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14 views1 page

Chat GPT

Uploaded by

aadityaprashant4
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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types of accounts, with cash (or accounts receivable) being an

New chat ChatGPT 3.5


asset account that increases, and building being an asset account
that decreases.

You
give me all accounts in tabluar form and tell
me in which category they fall

ChatGPT
Certainly! Here's a tabular representation of accounts typically
involved in the sale of a building, categorized by their type in
accounting:

Account Type

Assets:

Cash (or Accounts Receivable) Current Asset

Building Fixed Asset

Accumulated Depreciation Contra-Asset

Equity:

Gain on Sale of Building Income/Revenue

Loss on Sale of Building Expense

Liabilities:

Accounts Payable Current Liability

Mortgage Payable Long-Term Liability

Expenses:

Selling Expenses Expense

Administrative Expenses Expense


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