State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7865 – Loss On Sale of Investment
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Object Type: Non-Cash — USAS Special Accounting Transactions
Reference:
Issue Date: 1997-09-01
Revised Date:

Description


To record the loss on sale of investments at time of sale. Loss may occur as a result of a direct sale of the investment or with an exchange not involving cash.


Notes


For financial reporting purposes only.


USAS Values


Appropriation Year 26
USAS Title LOSS ON SALE OF INVESTMENT
Object Group 19 – Financial Reporting (Non Expenditures)
USAS Status A
Rev/Exp Category NA – NOT APPLICABLE



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