Uniform Classification of Accounts for Span Classsearchtermclassspan a a
Uniform Classification of Accounts for Span Classsearchtermclassspan a a
California Public Utilities Commission
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AUTOMOTIVE TRANSPORTATION COMPANIES. 13 If separate accounts are maintained for each of the parties interested, the total of the balances in such accounts shall be shown in one figure in the balance sheet. 155. FUNDED DEBT: This account shall include the par value of all bonds, notes, mortgages, receiver's certificates, and other evidences of indebtedness issued or assumed by the company and which are not due and payable until after one year from date of issue. In case of the issuance of two or... more classes of funded debt such as bonds and notes payable, etc. , a subaccount shall be provided for each class. In stating this account on the balance sheet statement, the par value of funded debt issued or assumed by the company and held by it in its treasury, shall be deducted from the balance shown on this account. 156. NOTES PAYABLE: This account shall include the par value of all notes, drafts and other evidences of indebtedness issued or assumed by the company which are payable on demand or within one year from date of issue.
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