805 – Other Income Non-Subaru

Additions To Income

Synopsis

Account 805

Debits

Credits

 

  1. All miscellaneous income not otherwise classified or provided for in the Chart of Accounts that is related to the brands other than Subaru.

 

Remarks:

This account reflects items of miscellaneous income that is not related to the Subaru brand such as transfer of non-automotive units to other dealers; vending machine income, sale of waste oil, sale of scrap metal or batteries, gain on sale of fixed assets, unredeemed service coupons and performance guarantees, amounts recovered in receivables written-off in prior accounting years, and amounts recovered in adjustment of special reserves not otherwise provided for.  For Subaru related Other Income, use Account 810 “Other Income - Subaru”.

 

A detailed schedule of this account should be provided and maintained for audit and tax purposes.