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When a new utility customer submits a deposit, the enterprise fund journal entry will include:
Internal Control
A process designed to provide reasonable assurance regarding the achievement of objectives in effectiveness and efficiency of operations, reliability of financial reporting, and compliance with applicable laws and regulations.
Cash Disbursements
The payment of cash by a business for its operational expenses, vendor invoices, and other liabilities.
Major Expenditures
Large amounts of money spent on significant aspects of business operations, such as purchasing assets, research and development, or significant repairs.
Custody
The protective care or guardianship of someone or something, often used in the context of the legal guardianship of a child or the care of assets.
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