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Purpose
A USAS general ledger account used as an offset account to general ledger account 5000 - Revenue Control Cash. It is used to cancel the GAAP revenue recognition effect for a non revenue cash receipt transaction, which must be recorded as a revenue to comply with the state's constitutional cash basis of accounting. An example of this type of transaction is the receipt of an advance of a federal grant that would be recorded as a receipt of cash revenues on the cash basis but as deferred revenue on the GAAP basis. Refer to the USAS T-Code Reference Guide, T-Code 173 for an illustration of the full posting impact of this type of transaction.
USAS Values
| Normal Balance | Debit |
|---|---|
| Account Type | Nominal |
| GL Posting Level | Detail [?] |
Detail elements posted: Agy, GL, Fund, NACUBO Subfund, T-Code, Grant No. and Phase, AGL, FY, AY, DR/CR Ind., Appd Fund, COBJ, AOBJ, Appn, Proj No. and Phase, PCA, Index, Pgm Code, Org Code, Direct/Indirect Indicator, NACUBO Function, Contract No., Subgrantee and Agy Codes 1 - 3.