10439 ACCOUNT NO. 2920 - AMOUNT TO BE PROVIDED FOR OTHER LONG-TERM DEBT
(Revised 9/90)
Normal Balance: Debit
Purpose: This account is used to offset the general bonded debt and also certain other large long-term liabilities including installment purchase and capital lease (lease-purchase) contracts.
Subsidiaries: None
Normal Entries:
| Entry No. |
Debits |
Entry No. |
Credits |
| 22. Installment purchase or capital lease (lease-purchase) contract is executed. |
23. Claims are filed for payments on installment purchase or capital lease (lease-purchase) contracts. |
For other uses of this account contact Department of Finance, Fiscal Systems and Consulting Unit.
