8290.7 ACCRUAL REVERSAL
(Revised 2/99)
As of July 1 each year, amounts accrued as of June 30 will be reversed as follows:
- The full deferral will be re-established on accounts receivable adjusted in accordance with SAM Section 8290.4.
- The net offsetting amount required in this reversing entry will be applied to Account No. 9892, Prior Year Revenue Adjustments account. (See SAM Section 10611.)
