Offset for Purchases of Assets
Definition
This account is used to record the amount recorded to offset activity in USSGL account 880200, "Purchases of Property, Plant, and Equipment," USSGL account 880300, "Purchases of Inventory and Related Property," and USSGL account 880400, "Purchases of Assets - Other." USSGL accounts 880200, 880300, and 880400 close into this account at year-end. This account does not close at year-end.
Year-end: this account at year-end.
Source: Section II ·
p1sec2-acctdef-2026.pdf
Required attributes & legal values
10For each attribute this account reports, these are the only domain values GTAS will accept for this account (Section IV).
Begin/End
BulkFile attribute
E
Debit/Credit
BulkFile attribute
D
C
Fed/Nonfed
BulkFile attribute
F
N
Trading Partner
BulkFile attribute
###
Trading Partner Main
BulkFile attribute
####
Fund Type
TAS attribute
CF
DF
EC
EG
EM
EP
ER
ES
ET
GA
TR
UG
US
UT
Reporting Type Code
TAS attribute
E
F
U
Financing Account Code
TAS attribute
D
G
N
TAS Status
TAS attribute
U
E
Trans Code
TAS attribute
X
K
N
Transactions
4
F370
To record the closing of memorandum accounts for purchases.
Debit · Budgetary entry G120 To record activity for current-year purchases of property, plant, and equipment.
Credit · Budgetary entry G122 To record activity for current-year purchases of inventory and related property.
Credit · Budgetary entry G124 To record activity for current-year purchases of other assets not recorded as Property, Plant and Equipment (USSGL TC-G120), or Inventory and Related Property (USSGL TC-G122.)
Credit · Budgetary entry
Debit · Budgetary entry G120 To record activity for current-year purchases of property, plant, and equipment.
Credit · Budgetary entry G122 To record activity for current-year purchases of inventory and related property.
Credit · Budgetary entry G124 To record activity for current-year purchases of other assets not recorded as Property, Plant and Equipment (USSGL TC-G120), or Inventory and Related Property (USSGL TC-G122.)
Credit · Budgetary entry
Statement crosswalks
4
V
Balance Sheet · line 42.1
Cumulative results of operations - Funds from Dedicated Collections (Note 21) V Balance Sheet · line 42.2
Cumulative results of operations - Funds from other than Dedicated Collections V Statement of Net Cost · line 1
Gross Cost VI Reclassified Statement of Net Cost · line 11.3
Purchase of assets offset (RC 24) - Footnote 2
Cumulative results of operations - Funds from Dedicated Collections (Note 21) V Balance Sheet · line 42.2
Cumulative results of operations - Funds from other than Dedicated Collections V Statement of Net Cost · line 1
Gross Cost VI Reclassified Statement of Net Cost · line 11.3
Purchase of assets offset (RC 24) - Footnote 2