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Reporting Requirements for Annual Financial Reports of State Agencies and Universities

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Reporting Requirements for Annual Financial Reports of State Agencies and Universities

General Accounting

Receivables
Write-off of Proprietary Fund Receivables

Revenue receivables in proprietary funds are reported net of all related allowances, such as sales discounts and allowances and amounts pertaining to uncollectible accounts. In other words, revenue receivables are reported net of the increase or decrease in the estimate of uncollectible accounts.

For proprietary funds, any type of receivable can be directly written off.

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