OAR 740-055-0210
Ledger and Journal

(1)

All household goods carriers shall keep and maintain a ledger in which shall be recorded in appropriate accounts the assets, liabilities, capital, surplus, revenues, expenses, other income, other deductions and all other accounts prescribed by the Uniform System of Accounts and necessary to meet the requirements in OAR 740-055-0310 and 740-055-0320 (Carriers of Household Goods).

(2)

Accounts shall be written up monthly and accruals stated on a monthly basis to permit preparation of financial exhibits from the books of record.

(3)

All accounts must be closed on December 31 of each year and the profit or loss determined and stated in the books of record.

(4)

All entries for which special journals have not been provided must be journalized in a general journal before posting to the ledger account. Entries must be fully explanatory and entered in sufficient detail to permit audit at any time. References to supporting papers and records must be specific and such subsidiary records and memoranda shall be filed and retained to support the entries in the general journal.

Source: Rule 740-055-0210 — Ledger and Journal, https://secure.sos.state.or.us/oard/view.action?ruleNumber=740-055-0210.

740‑055‑0010
Payment of Weight-Mile Tax, Reporting Period Variations 740‑055‑0015
Payment of Weight-Mile Tax 740‑055‑0020
Payment of Fees and Refunds 740‑055‑0025
Temporary Pass Fees 740‑055‑0030
International Fuel Tax Agreement Fees 740‑055‑0035
Change in Fee Basis 740‑055‑0045
Determination of Mailing Date 740‑055‑0100
Maintenance and Production of Records and Vehicles — Penalties 740‑055‑0110
Fuel Purchase Records and Refunds 740‑055‑0120
Weight-Mile Tax Records Requirements 740‑055‑0130
For-Hire Farmers’ Operating Records 740‑055‑0140
Out-of-State Farm Verification 740‑055‑0150
Records — General — Household Goods 740‑055‑0170
Bills of Lading (Shipping Receipts) and Freight Bills 740‑055‑0180
Certified Scale Weights Required 740‑055‑0190
Record of Receipts and Disbursements 740‑055‑0210
Ledger and Journal 740‑055‑0220
Audit and Inspection of Records and Accounts of Motor Carriers 740‑055‑0230
Discretionary Waiver or Reduction of Charges and Penalties Assessed in Motor Carrier Weight-Mile Tax Audits 740‑055‑0320
Carriers of Household Goods 740‑055‑0400
Financial Report Forms Required 740‑055‑0500
Motor Carriers of Property

Last Updated

Jun. 8, 2021

Rule 740-055-0210’s source at or.us

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Location: https://oregon.public.law/rules/oar_740-055-0210

Original Source: Rule 740-055-0210 — Ledger and Journal, https://secure.sos.state.or.us/oard/view.action?ruleNumber=740-055-0210 (last accessed Jun. 8, 2021).