1240
Company Credit Card
Current Assets
Normal balance
Debit
This Current Assets code records company credit card. 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 |
| 1230 | Petty Cash |
| 1250 | Credit Card Receipts |
| 1220 | Building Society Account |
| 1210 | Bank Deposit Account |