Marbles Inc. is a start- up Company manufacturing marbles and elastic bands. The Company imports its raw materials from France, but based on its business model expects that within the next 6 months it will be able to manufacture its own products. These will be sold locally in Grenada, with further plans for export to the wider Caribbean and Latin America. As such, a lot of Marketing and promotion will be required to get the product off the ground to meet this business target. Also, due to this projected expansion, machinery will have to be purchased to create the products.

The Financial Controller decides that the first step in creating her accounting system is to create a Chart of Accounts. Before creating the Chart, she is contemplating the accounts which she will need for her Chart of Accounts. She knows that Cash, Sales, Purchases and Staff Costs are some of the accounts that will be needed.

You are assisting her to build this tool and she requires your help. Advise her on the other accounts which will be needed for the Chart of accounts. Also develop this listing for presentation to her.