State of Texas – Fiscal Management

Manual of Accounts

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Revenue Object 3834 – Gain/Loss on Sale of Capital Assets – General, Non-Program
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Legal Citations:
Revenue Type: Cash — Other Revenue
Origin Date:
Issue Date: 2001-09-01
Revised Date:

Description


To record the gain or loss on the sale of capital assets. Gains occur when an asset is sold for more than the book value. Loss occurs when the sale is for less than the book value. This code may be used for gains and losses that are not restricted to be used for any program.



Due Date


At time of sale



Collecting Agencies


  • The appropriate receiving agency



Deposit Funds


  • The appropriate fund or account



Notes




USAS Values


Appropriation Year 26
USAS Title GAIN/LOSS ON CAPTL ASSETS-GEN, NON PROG
Receipt Category 14 – Other
Receipt Type 93 – Sale of Capital Assets
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 05 – OTHER REVENUE



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