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Uniform Classification of Accounts for Electrical Utilities

Uniform Classification of Accounts for Electrical Utilities


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922. Excerpt: ... OPERATING REVENUE ACCOUNTS Sales Of Current: 601. Metered sales to general consumers. 602. Flat-rate sales to general consumers. 603. Railroad corporations. 604. Other electrical corporations. 605. Municipal street lighting. 606. Miscellaneous municipal sales. Miscellaneous Revenue: 61.1. Commissions on others' electric energy. 612. Rent from electric appliances. 613. Rent from property used in operation. 614. Merchandise and jobbing. 615. Miscellaneous operating revenues. OPERATING REVENUE ACCOUNTS General Instructions and Definitions 1. Operating Revenue Accounts Defined. Operating revenue accounts are those in which are recorded the amounts which the accounting company receives or becomes lawfully entitled to recover for services rendered, for products or merchandise sold, as a return on property used in the company's own operations, and as interest on current funds, such as daily bank balances. 2. Basis of Credits ta Operating Revenue Accounts. Credits to the various revenue accounts shall be made upon the basis of bills rendered or of gross prices. Discounts for prompt payment, corrections of overcharges, over-collections theretofore credited and afterward corrected, authorized abatements and allowances and other corrections and deductions shall be charged to the revenue account to which they relate. Note A.--If an electric corporation desires to credit its revenue accounts upon the basis of net price charged to consumers, all discounts forfeited or penalties charged for delayed payments shall be credited to the revenue accounts involved and kept in such form as to permit their being separately reported. Note B.--If the accounting company sells all or part of its electric energy through an agent under contract by which the agent pays distribution and...


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Product Details
  • ISBN-13: 9781151338037
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 46
  • Spine Width: 3 mm
  • Width: 189 mm
  • ISBN-10: 1151338036
  • Publisher Date: 01 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 100 gr


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