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9 CRR-NY 1642-7.4NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK

TITLE 9. EXECUTIVE DEPARTMENT

SUBTITLE S. DIVISION OF HOUSING AND COMMUNITY RENEWAL

CHAPTER III. LOW RENT HOUSING

SUBCHAPTER D. ACCOUNTING MANUAL FOR PUBLIC HOUSING AGENCIES

PART 1642. BASIC INSTRUCTIONS

SUBPART 1642-7. INVENTORIES

9 CRR-NY 1642-7.4

1642-7.4 Fuel supplies.

A physical inventory of fuel supplies shall be taken as of the last day of each quarter. On the basis of this inventory, a report will be forwarded to the accounting section which will show the amount of fuel on hand as of the first day of the quarter, the amount received during the quarter, the amount used during the quarter and the balance on hand as of the last day of the quarter. The accounting section, in determining the cost of fuel used during the quarter, shall use the first-in, first-out method in computing unit values. The journal voucher shall be prepared quarterly to record the cost of fuel consumed as follows:

Debit: Account 4340, Fuel

$XXX

Credit: Account 1261, Fuel Inventory

$XXX

9 CRR-NY 1642-7.4

Current through September 15, 2021

End of Document

IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.