State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7393 – Merchandise Purchased for Resale
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Object Type: Cash — Cost of Goods Sold
Reference:
Issue Date:
Revised Date: 2007-09-01

Description


To record the payment for:

  • Food and other merchandise purchased for resale in canteens or snack bars operated by a state institution
  • Food for students attending Department of Public Safety Academy
  • Information from the Alcohol and Drug Abuse Commission
  • Cost of acquiring natural gas from a third party for resale to public retail customers under the State Energy Marketing Program.

Expenditure code 7393 includes, but is NOT limited to:

  • Cigarettes (resale)
  • Food (for resale)
  • Merchandise for Resale
  • Sanitary Napkins (for resale)
  • Tampons for Resale


Notes


Proceeds from the sale of merchandise purchased through this classification are deposited to the credit of the fund and current appropriation from which like expenditures are made.

This does NOT include university auxiliary enterprises.



USAS Values


Appropriation Year 26
USAS Title MERCHANDISE PURCH FOR RESALE
Object Group 10 – Expenditures
USAS Status A
Rev/Exp Category 18 – COST OF GOODS SOLD



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