Business Procedures Manual

Essential business procedural components for University System of Georgia institutions.

15.4 Auxiliary Assets and Liabilities

15.4.1 Assets

(Last Modified on November 2, 2010)

Assets of auxiliary enterprises may include, but are not limited to:

  • Cash on hand
  • Petty cash
  • Demand deposits
  • Accounts receivable
  • Prepaid items
  • Merchandise inventory
  • Investments, buildings
  • Equipment
  • Facilities
  • Any amounts due from other funds

15.4.2 Liabilities

(Last Modified on November 2, 2010)

Liabilities of auxiliary enterprises may include, but are not limited to:

  • Accounts payable
  • Accrued expenses
  • Deposits
  • Sales taxes payable
  • Deferred revenues
  • Any amounts due to other funds

(Last Modified on November 2, 2010)

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