10459 ACCOUNT NO. 5200 - INVESTMENT IN GENERAL FIXED ASSETS
(Revised 9/90)
Normal Balance: Credit
Purpose: This account shows the accountability of the agency for the amount invested in fixed assets and intangible assets under its jurisdiction. The purpose of this account is to exclude from the fund balance the amounts invested in fixed assets and intangible assets. This account is contra to Account Nos. 2310, 2321, 2331, 2341, 2350, and 2410.
Subsidiaries: None
Normal Entries:
| Entry No. |
Debits |
Entry No. |
Credits |
21. Fixed assets are disposed of.
A-7. Adjustment is made for surveyed equipment not yet sold as of June 30. |
18. Expenditures on uncompleted capital outlay projects are reported.
19. Capital outlay project is completed.
20. Fixed assets are acquired.
22. Fixed assets are acquired by an installment purchase or capital lease (lease-purchase) contract.
28. Real property is acquired by claim against agency fund and appropriation in condemnation proceedings.
30. Real property is acquired by State Treasurer's claim against the Condemnation Deposit Fund.
A-7R. Entry No. A-7 is semi-reversed as of July 1 of the new fiscal year. |
