ACCOUNT NUMBER 1311, ACCOUNTS RECEIVABLE—ABATEMENTS - 10407
Normal Balance: Debit
Purpose: This account shows the amount receivable from private entities as abatements of expenditures. For state accounting purposes, abatements are as defined in SAM Section 10220.
Subsidiaries: Accounts Receivable Ledger or File
Normal Entries:
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Entry Number |
Debits |
Entry Number |
Credits |
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4. |
Gross amount of salary overpayments per Controller’s registers of accounts receivable. |
4. |
Gross amount of salary overpayments recovered from the State Payroll Revolving Fund. |
Note: The two elements of the net entry made from the Payroll Expenditure Register are shown separately above for clarity.
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Entry Number |
Debits |
Entry Number |
Credits |
|
6. |
Invoices are prepared for expenditure abatements. |
7. |
Cash is received and applied, realizing accounts receivable– abatements (excluding salary overpayments). |
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A-3 |
Year-End accruals are recorded |
8. |
Cash is applied, realizing accounts receivable–abatements (excluding salary overpayments). |
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9. |
Accounts receivable are written off. |
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36. |
Cash is received and applied from the sale of accounts receivable– abatements. |
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A-4 |
Abatement receivables are reclassified at the time an appropriation reverts. |
Revisions
No Revisions for this item.