10462 ACCOUNT NO. 5390 - OTHER RESERVES
(Revised 06/05)
Normal Balance: Credit
Purpose: This account shows the amount of any reserve not otherwise classified. It is used as a reserve for condemnation deposits, contra to Account No. 2730.
Subsidiaries: Various, depending on the nature of the accounts.
Normal Entries:
| Entry No. |
Debits |
Entry No. |
Credits |
28. Agency files claim for acquisition of property under condemnation proceedings.
30. State Treasurer files claim for acquisition of property under condemnation proceedings. |
27. Money is transferred to the Condemnation Deposits Fund. |
(Other entries to this account are made by special journal entries as circumstances require.)
