Autonomous Balance Sheet

Autonomous Balance Sheet

 

an accounting document of those production enterprises, production associations, organizations, and institutions in the USSR that keep complete accounts. Economically accountable enterprises keep account records and compile separate autonomous balance sheets for basic operations, capital investments, and worker supply. All-Union and republic industrial associations compile summary reports and balance sheets for all types of production and economic activities. The separation of individual sectors in enterprise activities (subsidiary agriculture, logging, housing and utilities) in autonomous balance sheets facilitates supervision over the proper utilization of funds. Enterprises and their parts using autonomous balance sheets have their own settlement accounts at the bank and may enter into economic, legal, and payment relations with other enterprises, organizations, and institutions.

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