Iowa Community College Accounting Manual, December 1992

(1992) Iowa Community College Accounting Manual, December 1992. Education, Department of

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Abstract

This accounting system utilizes a “functional” chart of accounts and a “general ledger” chart of accounts. The functional chart reflects the organizational units, or cost centers of the Iowa Community College. The general ledger chart sets out the individual asset, liability, fund balance (equity), revenue, and expenditure accounts. Revenue accounts are identified by source and expenditure accounts are identified by type and object.