Accounts Relating to the Property of others

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Accounts Relating to the Property of others

 

(Russian, zabalansovye scheta), bookkeeping accounts for valuables temporarily held by the enterprise or organization and not belonging to it (such as rented fixed capital or goods accepted for storage). In addition, the form sheets for obligatory reporting are taken into account in the accounts relating to the property of others, as well as amounts of claims submitted to debtors for partially completed goods. The accounts relating to the property of others are prepared according to the single entry system, without using double entries. The structure of each such account permits the simultaneous control of the availability and movement of the respective material and money values, as well as the condition and changes in liabilities for these values with respect to their owners. The data of these accounts are shown after the balance total.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.