Issue Date:
Revised Date: 2007-09-01

Object Type

Cash — Cost of Goods Sold

Reference

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

Note

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 20
USAS Title MERCHANDISE PURCH FOR RESALE
Object Group 10 – Expenditures
USAS Status A
Rev/Exp Category 18 – COST OF GOODS SOLD