State of Texas – Fiscal Management

Manual of Accounts

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General Ledger 1153 – Returned Expenditure Liability
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Issue Date: 2020-08-01

Purpose

This GL account is used to temporarily hold expenditures (payments to vendors) returned to agency due to deposit or other issues. GASB 84 determines that this activity is not fiduciary in nature.


USAS Values

Normal Balance Credit
Account Type Real
GL Posting Level Summary 1 [?]
Summary 1 elements posted: Agy, GL, Fund, NACUBO Subfund, T-Code, Grant No. and Phase, AGL, FY, AY, DR/CR Ind. and Appd Fund.



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