1002
Work in Progress
Current Assets
Normal balance
Debit
This Current Assets code records work in progress. As an asset account, it normally carries a debit balance: debit entries increase the balance and credit entries decrease it.
Other codes in Current Assets
| 1001 | Stock |
| 1003 | Finished Goods |
| 1004 | Raw Materials |
| 1100 | Debtors Control Account |
| 1101 | Sundry Debtors |