Abstract: A cabinet lock is disclosed which is easily convertible between a drawer lock and a door lock, by rotating the lock cylinder 90 degrees within the lock body. The cabinet lock includes a lock body with a mounting plate and an extending sleeve that defines a central opening. A portion of the sleeve is indented inward to form a two-sided right angle notch that projects into the internal cavity of the sleeve, with an aperture through each side of the notch. The lock cylinder has first and second notch mating sections, rotated 90 degrees from one another about the cylinder, each having a threaded bore therein. The lock cylinder can be inserted into the sleeve in a first position, or in a second position rotated 90 degrees from the first position, and fixed in place with a screw that passes through one of the bores and one of the apertures. A lock plug with a bolt driving mechanism is adapted to fit within a longitudinal opening in the lock cylinder, and a bolt is operatively attached to the bolt driving mechanism.