1220
Building Society Account
Current Assets
Normal balance
Debit
This Current Assets code records building society account. 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
| 1210 | Bank Deposit Account |
| 1230 | Petty Cash |
| 1235 | Cash Register |
| 1200 | Bank Current Account |
| 1240 | Company Credit Card |