Classification of income and profit and loss accounts for carriers by water

Texas Association of Public Accountants

Abstract

It is ordered, That the said Classification of Income and Profit and Loss Accounts, and the text pertaining thereto, be, and it is hereby, prescribed for the use of carriers by water having annual operating revenues exceeding $50,000, subject to the provisions of the amended act to regulate commerce in the keeping and recording of all transactions reflected in the said Income and Profit and Loss Accounts; that each and every such carrier and each and every receiver or operating trustee of any such carrier be required to keep all income and profit and loss accounts in conformity therewith; and that a copy of the said Classification of Income and Profit and Loss Accounts for Carriers by Water, First Issue, be sent to each and every such carrier and to each and every receiver or operating trustee of any such carrier: Provided, however, That nothing in this order shall be construed as depriving a carrier of the right to make whatever analysis of income and profit and loss items it may deem proper for the information of stockholders or of officials who have the management of its property.