State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7731 – Premium/Discount On Mortgage Investments
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Object Type: Cash — Investments
Reference:
Issue Date:
Revised Date: 1993-09-01

Description


To record the difference between par value and principal cost on mortgage investments where par value exceeds cost, or where principal exceeds par value.

Expenditure code 7731 includes, but is NOT limited to:

  • Discounts on Mortgage Investments
  • Premiums Paid on Mortgage Investments


Notes




USAS Values


Appropriation Year 26
USAS Title PREM/DISC ON MORTGAGE INVESTMENTS
Object Group 07 – Investment Purchases and Amortization of Premium/Discount
USAS Status A
Rev/Exp Category 20 – INVESTMENTS



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