Form of General Balance Sheet Statement for Carriers By Water As Prescribed By the Interstate Commerce Commission in Accordance With Section 20 of the Act to Regulate Commerce
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A separate account should be provided for each fund. In stating this account on the balance-sheet statement the par value of securities issued or assumed by the accounting company and carried in this account should be deducted from the total in order to show the net assets in the funds, other than the company's own securities. (See paragraph 3, p. 10.) WB 29. Provident Fund Assets. This account should include the ledger balances covering the amount of cadi and the cost or book value of securiti...es of other companies and the par value of securities issued or assumed by the accounting company and other assets in the hands of trustees or managers of employees' pension funds, savings funds, relief, hospital, and other association funds (whether contributed by the company, by employees, or by others), when such trustees or managers are acting for the com- pany in the administration of such funds. If such funds are held in the company's treasury, unidentified and not invested, they should be included in account WB 8.
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