State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7866 – Loss On Sale of Investment – Non-Operating
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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 investment or with an exchange not involving cash. To record as non-cash, non-operating for proprietary GAAP funds.

Notes

For financial reporting purposes only.

USAS Values

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



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