Examples of Reconciliation Account in a sentence
These estimated costs are reconciled to actual costs through the Reconciliation Adjustment and accumulated in the Reconciliation Account.
Seals and Gaskets: Seals and gaskets coverage is provided with the Bronze Coverage Plan for all parts listed in the above named component groups if Your Vehicle had less than 80,000 miles, as indicated on the odometer at the time of Contract purchase.Any part not listed above is not covered by the Bronze Coverage Plan.SILVER COVERAGEIf You purchased the Silver Coverage Plan as shown on the application, covered parts are:1.
There are no adjustments to the Fixed Component; therefore, the representative pages included in this reconciliation report have been labeled “No Adjustments”.However, in accordance with Section 1.1.4 of the CTC formula, net proceeds from sales of property, whose costs were included in the CTC, have been included in the Reconciliation Account when applicable (Compiled Settlement, page 150, footnote 6).
Reconciliation Account - The account maintained by the Company to assure that over time it will neither over nor under collect revenues as a result of the operation of the Cost of Gas Clause.
Proceeds from this charge will be credited to the Reconciliation Account.
Where any sum included in an Initial Account or Reconciliation Account submitted in accordance with Clause 20.3 or 20.4 is disputed by the User, the provisions of Schedule 4 shall apply.
Reconciliation Account & GL Code Entered AmountAFRSAmountDifference (Must be zero) General InstructionsAll agencies with balances at fiscal year-end in inventory GL codes are required to complete the Inventory Disclosure form (90.40.35.A) for all accounts regardless of the value.
Any surcharge or refund amount will be included in the Reconciliation Account.
Where a subsequent Daily Statement for any Settlement Day indicates that, as a result of a subsequent Reconciliation Run or Post-Final Settlement Run, the Use of System Charges in respect of that Settlement Day are different from those included in an Initial Account, the Company shall calculate such difference and the interest thereon and shall submit an account (the Reconciliation Account) in respect of such difference to the User as soon as is reasonably practicable after the end of each charging period.
Refunds or charges shall be entered into the Reconciliation Account as they are collected from or returned to the customers.