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BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA Application of Pacific Gas and Electric Company for Compliance Review of Utility Owned Generation Operations, Electric Energy Resource
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How to fill out resource recovery account entries

01
To fill out resource recovery account entries, follow these steps:
02
Collect all relevant financial records and documents.
03
Identify the resources that need to be accounted for and recovered.
04
Determine the accounting periods and dates for which entries are required.
05
Prepare a general journal entry for each resource recovery transaction.
06
Record the debit and credit amounts for each entry, ensuring they comply with accounting principles.
07
Document any supporting information or explanations for the entries.
08
Review and verify the accuracy of the entries before finalizing.
09
Post the entries to the resource recovery account in the general ledger.
10
Reconcile the entries periodically to ensure they align with the actual resource recovery activities.
11
Keep proper documentation of the entries for auditing and reporting purposes.

Who needs resource recovery account entries?

01
Resource recovery account entries are typically needed by companies and organizations that engage in activities where resources are recovered or recycled.
02
This can include manufacturing companies that recycle materials, waste management firms, environmental agencies, municipalities, etc.
03
Any entity that tracks the recovery of resources and needs to account for the financial aspects of this process will require resource recovery account entries.
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Resource recovery account entries are financial records that track the recovery of resources and the associated costs.
Businesses and organizations involved in resource recovery activities are required to file resource recovery account entries.
Resource recovery account entries should be filled out by recording all relevant information related to the recovery of resources, including costs and revenues.
The purpose of resource recovery account entries is to track and monitor the financial aspects of resource recovery activities.
Information such as types of resources recovered, costs incurred, revenues generated, and any relevant expenses must be reported on resource recovery account entries.
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