1230
Petty Cash
Current Assets
Normal balance
Debit
This Current Assets code records petty cash. 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
| 1235 | Cash Register |
| 1220 | Building Society Account |
| 1240 | Company Credit Card |
| 1210 | Bank Deposit Account |
| 1250 | Credit Card Receipts |