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COST TRANSFER EXPLANATION FORM (Attach to Journal Entry Printout) Required for any transaction moving costs on to a sponsored project or between sponsored projects. OMB Circular No. A-21 states that,

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How to fill out required for any transaction:

1. Start by gathering all the necessary documents and information needed for the transaction, such as identification, financial records, and any relevant forms.
2. Carefully read and understand the instructions provided on the required documentation or forms. Ensure that you have a clear understanding of what needs to be completed and how it should be filled out.
3. Begin filling out the required forms or documents, providing accurate and up-to-date information. Double-check your inputs to avoid any errors or discrepancies.
4. Follow any specific guidelines or formatting requirements specified for the transaction. This may include using specific fonts, colors, or document sizes.
5. If there are any sections or fields that you are unsure about or do not apply to your situation, seek clarification from the appropriate authority or professional. Do not leave any required sections blank unless instructed to do so.
6. Review your completed forms or documents before submitting them. Make sure that all the necessary information has been provided and that there are no mistakes or missing details.
7. Sign the required forms or documents where necessary, ensuring that your signature is legible and matches the provided identification.
8. Keep copies of all the completed forms or documents for your records. It is always recommended to have a backup in case any issues or disputes arise in the future.

Who needs required for any transaction:

1. Individuals who are involved in any financial transactions, such as applying for loans, opening bank accounts, or purchasing real estate, will typically require filling out the necessary forms and providing the required documentation.
2. Businesses or organizations may also need to complete certain transactions that involve filling out specific forms and providing the required documents, such as registering for licenses, filing taxes, or entering into contracts.
3. The exact requirements for each transaction may vary depending on the nature of the transaction, the jurisdiction, and the parties involved. It is essential to consult the relevant authorities or professionals to determine the specific requirements for your particular transaction.

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