Accounting Act Article 65

All deferred revenues, deferred charges, matured debts payable, matured credits receivable in any accounts of Ledger Books, as well as other rights and liabilities which have accrued but have not yet been recorded into Books, shall be maintained and entered before the settlement of each account.Accounting affairs of State-owned Enterprises, excluding accounts maintained mentioned in the preceding Paragraph, relating to bad debts, depreciation, consumption, amortization, inventory-check of materials, supplies and products, and offset of internal profits and losses, or other activities which are required to be maintained shall be maintained and recorded.Each Unit Accounting Agency or Subordinate Unit Accounting with affiliated Sub-Accounting Agencies shall maintain and record accounts upon receiving closing statements from the Sub-Accounting Agencies. If the closing statements of Sub-Accounting Agencies are delayed due to extraordinary circumstances, each Unit Accounting Agency or Subordinate Unit Accounting Agency may proceed to conduct settlement in advance with an added remark, and then supplement records and perform summary upon receiving Sub-Accounting reports later.