The subsidiary Ledger 2 account is the recharge operation's income statement. The income statement identifies the recharge's revenues and expenditures and provides a measure of operating performance for a fiscal year. The revenues on the statement measure the inflow of funds from selling goods or providing services to users. Expenses measure the outflow of funds that are used up, or consumed, in the process of generating revenues during a fiscal year.

Expenditure Subaccounts

Cost of Goods Sold

Personnel Costs, Services, Supplies, Travel, Leases & Rental, Occupancy & Maintenance Charges

Depreciation

University Administration & Divisional/Departmental Overhead Charges

Equipment, Construction/Renovations & Property Acquisition

Equipment Renewal and Replacement Reserve Transfers

Unallowable Costs

Revenue Subaccounts

Revenue from Interdepartmental Order Forms (Form 62)

Cash Revenue from External Sources

Bad Debt Expense Funding

Deficit Funding

Unallowable Cost Funding