REIMBURSEMENTS COLLECTED IN ADVANCE - 10449
(Revised: 05/1987)
Normal Balance: Credit
Purpose: This account shows amounts collected that will be applied to a current fiscal year appropriation when earned or that will be applied to a subsequent fiscal year's appropriation.
Subsidiaries: None
Normal Entries:
|
Entry Number |
Debits |
Entry Number |
Credits |
|---|---|---|---|
| 26. | Reimbursements collected in advance are transferred to the appropriate fiscal year's appropriation when earned. | 7. | Cash is received and applied which will be accounted either as reimbursements to a current or subsequent fiscal year appropriation when earned. |
| A-10 | Adjustment is made for checks still dishonored as of June 30. | 8. | Cash is applied which will be accounted either as reimbursements to a current or subsequent fiscal year appropriation when earned. |
| A-11 | Adjustment is made for cash shortages outstanding June 30. |
Revisions
No Revisions for this item.
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