State of Texas – Fiscal Management

Manual of Accounts

PreviousNext

Revenue Object 3861 – Gain on Sale of Investments, Obligations, and Securities
Skip to main content Skip to footer site map

 

Legal Citations:
Revenue Type: Cash — Other Revenue
Origin Date:
Issue Date:
Revised Date: 1997-09-01

Description


To record gain on investments, obligations and securities at the time of disposition. Gains may occur as a result of a direct sale of the investment or with an exchange not involving cash. Code may be used by higher education for deposit into current funds (institutional).



Due Date


As determined by the responsible state agency, college or university



Collecting Agencies


  • The responsible agency



Deposit Funds


  • The appropriate fund or account



Notes




USAS Values


Appropriation Year 26
USAS Title GAIN ON SALE OF INVESTMT/OBLIG/SECURITY
Receipt Category 14 – Other
Receipt Type 70 – Interest and Dividends
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 02 – INTEREST AND INVESTMENT INCOME



Accessibility Policy