10407 ACCOUNT NO. 1311 - ACCOUNTS RECEIVABLE-ABATEMENTS
(Revised 2/99)
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:
| Entry No. |
Debits |
Entry No. |
Credits |
| 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. |
| |
6. Invoices are prepared for expenditure abatements.
A-3. Year-end accruals are recorded. |
7. Cash is received and applied, realizing accounts receivable-abatements (excluding salary overpayments).
8. Cash is applied, realizing accounts receivable-abatements (excluding salary overpayments).
9. Accounts receivable are written off.
36. Cash is received and applied from the sale of accounts receivable-abatements.
A-4. Abatement receivables are reclassified at the time an appropriation reverts. |
