1001
Stock
Current AssetsThis records the value of goods held for resale or use in production that haven't yet been sold or consumed. As an asset it normally carries a debit balance, increasing as stock is purchased or produced and decreasing as it's sold or used.
Other codes in Current Assets
| 1002 | Work in Progress |
| 1003 | Finished Goods |
| 1004 | Raw Materials |
| 1100 | Debtors Control Account |
| 1101 | Sundry Debtors |