Functional Accounting definition
Functional Accounting means the grouping of plant and expense accounts according to the specified function or purpose which the plant or expense performs in rendering the utility service, such as source of supply, pumping, sewer treatment, transmission, distribution, etc.
Functional Accounting means the grouping of plant and expense accounts according to the specified function or purpose which the plant or expense performs in rendering the utility service; for example, intangible, gas production and gathering, products extraction, storage, transmission, distribution, and general.
Functional Accounting means the grouping of plant and expense accounts according to the specified function or purpose which the plant or expense performs in rendering the utility service; for example, production, transmission, distribution, etc.