State of Montana, Athletic Commission, Report On Examination 1970
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The double entry system should be utilized to keep the accounts in balance, show the dual effect upon each financial transaction, and provide the basis for preparation of accurate and complete financial statements and reconciliations.
Each state agency is required by law (Section 59-701, R.C.M. 1947) to submit annual financial statements to the state controller. Financial state- ments are basic to show the results of an agency's operation and financial position at yearend. The state controller ...is presently developing instructions for preparation of the financial statements to be prepared by state agencies.
A general ledger will provide a sound basis for the preparation of these reports, -4- RECOMMENDATION \Je recommend that the conmission confer with the state controller in establishing a general ledger to be posted monthly utilizing the double entry system and that yearend financial statements be prepared.
DEPOSIT OF REVENUE TO INCORRECT FUND We noted that $275.76 was incorrectly deposited to the veterans memorial account in the Earmarked Revenue Fund.
What to read after State of Montana, Athletic Commission, Report On Examination 1970?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The double entry system should be utilized to keep the accounts in balance, show the dual effect upon each financial transaction, and provide the basis for preparation of accurate and complete financial statements and reconciliations.
Each state agency is required by law (Section 59-701, R.C.M. 1947) to submit annual financial statements to the state controller. Financial state- ments are basic to show the results of an agency's operation and financial position at yearend. The state controller ...is presently developing instructions for preparation of the financial statements to be prepared by state agencies.
A general ledger will provide a sound basis for the preparation of these reports, -4- RECOMMENDATION \Je recommend that the conmission confer with the state controller in establishing a general ledger to be posted monthly utilizing the double entry system and that yearend financial statements be prepared.
DEPOSIT OF REVENUE TO INCORRECT FUND We noted that $275.76 was incorrectly deposited to the veterans memorial account in the Earmarked Revenue Fund.
What to read after State of Montana, Athletic Commission, Report On Examination 1970?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
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