Do it require any type of accounts required to be added to? Please help to edit and update wiki.

<p><strong>Different Types of accounts as given in wiki:</strong></p> <p><strong>1. Asset accounts</strong>:represent the different types of economic resources owned or controlled by business, common examples of Asset accounts are cash, cash in bank, building, inventory, prepaid rent, goodwill, accounts receivable</p> <p><strong>2.Liability accounts</strong>:represent the different types of economic obligations by a business, such as accounts payable, bank loan, bonds payable, accrued interest</p> <p><strong>3.Equity accounts:r</strong>epresent the residual equity of a business (after deducting from Assets all the liabilities) including Retained Earnings and Appropriations</p> <p><strong>4.Revenue accounts or income:</strong>represent the company's gross earnings and common examples include Sales, Service revenue and Interest Income</p> <p><strong>5.Expense accounts</strong>: represent the company's expenditures to enable itself to operate. Common examples are electricity and water, rentals, depreciation, doubtful accounts, interest, insurance.</p> <p><strong>6.Contra accounts:</strong> Some balance sheet items have corresponding contra accounts, with negative balances, that offset them. Examples are:-accumulated depreciation against equipment,allowance for bad debts against long term accounts receivable.</p>