Statutes, codes, and regulations
Code of Massachusetts Regulations
Department 220 CMR - DEPARTMENT OF PUBLIC UTILITIESTitle 220 CMR 52.00 - Uniform System Of Accounts For Water Companies ContentsPROFIT AND LOSSSCHEDULE OF PROFIT AND LOSS ACCOUNTS
Credits
Section 52.402 - Credit Balance Transferred from Income Account

220 CMR, 52.402

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Current through Register 1538, January 3, 2025
Section 52.402 - Credit Balance Transferred from Income Account

This account shall include the net income for the fiscal period brought forward from the Income account. If the balance in the Income account is a loss it shall be shown in account No. 412, "Debit Balance Transferred from Income Account," and not in this account.

220 CMR, 52.402