10460 ACCOUNT NO. 5330 - RESERVE FOR PREPAID ITEMS
(Revised 5/87)
Normal Balance: Credit
Purpose: This account shows the amount of prepayments to other funds. It is contra to Account No. 1730.
Subsidiaries: None
Normal Entries:
| Entry No. |
Debits |
Entry No. |
Credits |
18. Expenditure from prepayments on uncompleted projects are reported by the agency doing the work.
19. Projects are completed by the Office of Architecture and Construction, Division of Highways, or Department of Water Resources |
17. The State Controller's Office transfers prepayments to the Architecture Revolving Fund, State Transportation Fund, or Water Resources Revolving Fund. |
