Pennsylvania Code
Title 7 - AGRICULTURE
Part VI - PENNSYLVANIA MILK BOARD
Chapter 149 - UNIFORM SYSTEM OF ACCOUNTS
CHART OF ACCOUNTS
Section 149.44 - Other income and expense accounts (non-operating)
Universal Citation: 7 PA Code ยง 149.44
Current through Register Vol. 54, No. 44, November 2, 2024
(a) Other income. Other income accounts shall conform with the following:
(1)
Gain on sale of
equipment-Includes gain realized upon disposition of a fixed
asset.
(2)
Sale of farm
supplies-Includes income from sale of farm supplies.
(3)
Interest received
-Income derived from interest received.
(4)
Rental of equipment
income-Includes income received from leasing refrigerator and other
equipment to customers.
(5)
Other rents-Includes income from leasing other
property.
(b) Other expenses. Other expenses shall conform with the following:
(1)
Loss on sale of
equipment-Includes losses sustained upon disposition of a fixed
asset.
(2)
Cost of farm
supplies-Includes cost of farm supplies sold.
(3)
Interest expense
-Includes interest expenses incurred on any type of loan and interest paid as a
result of Federal or State income tax assessments and so forth.
(4)
Repairs and maintenance, rental
equipment-Includes materials and purchased services for general
repairs and maintenance of equipment leased to customers.
(5)
Depreciation, rental
equipment-Includes depreciation on equipment leased to
customers.
(6)
Bad debts,
rental equipment-Includes the amount charged as expense resulting from
uncollectibles from equipment leased to customers.
(7)
Expenses associated with other
rents-Includes expenses resulting from leasing other
property.
(8)
Nondairy
travel and entertainment-Includes travel and entertainment expense for
other than dairy operations.
(9)
Contributions-Includes all contributions made to any
organization for any purpose. No contributions can be charged as an operating
expense.
(10)
Nondairy dues
and subscriptions-Includes all dues to organizations with other than a
strictly business purpose or to organizations which act to influence prices and
all subscriptions to other than industry publications.
(11)
Other nondairy operations
expense-Includes all other nondairy operations expense.
(12)
Nonrecurring expenses
-Includes all expenses of an intermittent nature.
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