Home >  Term: Advances for construction
Advances for construction

A deferred credit account representing cash advances paid to the utility by customers requiring the construction of facilities in their behalf. These advances are refundable -- the time or extent of refund is dependent on the contract provisions of the advance (usually dependent on whether or not during a specified period the revenue from the installation warrants the refund). The unrefunded balance, if any, must be transferred to the appropriate plant account.

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  • ส่วนหนึ่งของคำพูด: noun
  • อุตสาหกรรม/ขอบเขต: Energy
  • Category: Natural gas
  • Company: AGA

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