General ledger accounts or sub-ledgers fall into one of the five broad categories:Examples of asset accounts are cash, accounts receivable, inventory, investments, land, and equipment.Liability accounts include notes payable, accounts payable, accrued expenses payable, and customer deposits.Equity accounts generally refer to investor related financial activity. Examples include common stock, retained earnings, and treasury stock.Expense accounts include salaries expense, rent expense, and advertising expense.Examples of income accounts are sales and service fee revenue.