5200
Opening Stock
Purchases & Direct Costs
Normal balance
Debit
This code records costs relating to opening stock. As a cost account, it normally carries a debit balance: debit entries increase the balance (recording new costs) and credit entries decrease it (for example, a credit note received from a supplier).
Other codes in Purchases & Direct Costs
| 5201 | Closing Stock |
| 5102 | Transport Insurance |
| 5101 | Import Duty |
| 5100 | Carriage |
| 5009 | Discounts Taken |