首页 >  Term: advances for construction
advances for construction

A deferred credit account representing cash advances paid to the utility by customers requiring the construction of facilities in their behalf. These advances are refundable -- the time or extent of refund is dependent on the contract provisions of the advance (usually dependent on whether or not during a specified period the revenue from the installation warrants the refund). The unrefunded balance, if any, must be transferred to the appropriate plant account.

0 0

创建者

  • JJD
  •  (Gold) 2369 分数
  • 100% positive feedback
© 2024 CSOFT International, Ltd.