Accounting five categories of accounts of their respective characteristics

Five major categories of accounting accounts (sub: assets, liabilities, owners' equity, costs, profit and loss of five categories) what are their respective characteristics? Why cost class, profit and loss class should be separated? If the five categories of accounting is in accordance with the accounting elements, the profit and income of these two accounts or let me very confused, they are in the five categories of where it

Accounts are classified according to the accounting elements are generally divided into five categories: assets, liabilities, owners' equity, income and costs and expenses.

1, reflecting the assets of the account, in accordance with the liquidity of assets and business management accounting needs, and is divided into reflecting the current assets, long-term assets and other accounts. Accounts reflecting current assets, according to the liquidity of the assets and the role played in the production and operation process can be divided into accounts reflecting monetary funds, such as "cash", "bank deposits" and other accounts; accounts reflecting the settlement of claims such as Accounts receivable", "other receivables" account; reflecting inventory accounts, such as "materials", "finished goods" and so on. "Accounts reflecting long-term assets, such as "fixed assets", "accumulated depreciation" and other accounts.

2, reflecting the liabilities of the account, in accordance with the reasons for the formation of liabilities, and is divided into reflecting the formation of liabilities due to production activities and reflect the formation of liabilities due to the results of the business account. Reflect the formation of liability accounts due to production activities, such as "accounts payable", "advance receipts", "short-term loans" and other accounts; reflect the formation of liability accounts due to operating results The accounts that reflect the liabilities formed as a result of operating results, such as "Taxes Payable", "Profit Payable" and other accounts.

3, reflecting the owner's equity accounts, according to the source of equity, and is divided into accounts reflecting the capital invested in the account, reflecting the funds withdrawn from the profits of the account and reflecting the undistributed profits of the account. Accounts reflecting the capital invested, such as "paid-in capital" account; account reflecting funds withdrawn from profits, such as "provident fund" account; account reflecting undistributed profits, such as "profit distribution "profit distribution", "profit for the year" and other accounts.

4, reflecting the revenue account, according to the revenue and the enterprise's production and management activities are related to, and is divided into operating revenue account and non-operating revenue account. Reflect the operating income account, such as "operating income" account; reflect non-operating income account, such as "non-operating income" account.

5, reflecting the cost of the account, according to the cost of production and business activities with the enterprise is related to, and is divided into operating cost accounts and non-operating cost accounts. Reflect the operating costs of the account in accordance with the costs incurred in the various stages of the production process, can be divided into reflect the cost of the purchase process account, reflect the cost of the production process account and reflect the cost of the sales process account. Reflect the cost of the production process accounts, such as "manufacturing costs", "overhead" and other accounts; reflect the cost of the sales process accounts, such as "operating costs", "Operating expenses" and other accounts; reflect the purchase process of the cost of accounts, such as "material purchases" account; reflect the non-business costs and expenses of accounts, such as "non-operating expenditures" account.

These are the accounts that reflect the cost of the purchasing process.

II. Profit is in the owner's equity category. Income in the revenue category.