18 CFR § 367.12 Uniform System of Accounts for Centralized Service Companies Subject to the Provisions of the Public Utility Holding Company Act of 2005, Federal Power Act and Natural Gas Act

§ 367.12 Payroll distribution.

Current through Aug 24, 2026 · Read all of Part 367

Underlying accounting data must be maintained so that the distribution of the cost of labor charged direct to the various accounts will be readily available. The underlying data must permit a reasonably accurate distribution to be made of the cost of labor charged initially to clearing accounts so that the total labor cost may be classified among construction, cost of removal, or operating functions.

← § 367.11 Distribution of pay and expenses of employees.§ 367.13 Accounting to be on accrual basis. →