Uniform Classification of Accounts for Water Utilities

Uniform Classification of Accounts for Water Utilities

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 edition. Excerpt: ...the results of the enterprise. The standard form adopted for the purpose of this classification is shown on pages 47 and 48. In this form of statement there are certain terms used to indicate divisions of the income account which require special definition, given in the following paragraphs. 3. Revenues. The word revenues as used herein means all amounts of money which the accounting company receives or becomes lawfully entitled to recover for services rendered, for products sold, as profits on merchandise sold, or as a return upon its property (or interests in property). Revenues are classified as operating revenues and non-operating revenues. 4. Operating Revenues. Operating revenues are those derived from the sale of products and merchandise, from services rendered, from return on property used by the person or corporation in its own operations, and from interest on current funds. 5. Non-operating Revenues. Non-operating revenues are those derived as a return upon the property of the accounting company in the hands of others or from its interest in property in the hands of others. They may be subclassified as rents, interest dividends, and miscellaneous. 6. Revenue Deductions. Revenue deductions include expenses, taxes, and uncollectible bills. 7. Expenses. Expenses are those outgoes (including losses due to the retirement of capital) necessary to the production and distribution of the commodities sold, and the services rendered, and to the collection of the revenues. They are divided into operating expenses, and non-operating expenses. 8. Taxes. Taxes are those annual or other payments exacted by governments for the purpose of raising funds for public uses. 9. Uncollectible Bills. When a corporation is engaged regularly in rendering to...show more

Product details

  • Paperback | 40 pages
  • 189 x 246 x 2mm | 91g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236594371
  • 9781236594372