Question

Do permits and licenses in governmental accounting have a receivables account?

Answer 1

Govermental accounting under Permits and licenses consist of government giving licenses for doing business like alcoholic beverages, utilities , corporations ,professional and health.

and non business activities consist of giving driver licenses ,vehicles registration ,marriage certificate etc

so these services are provided by government to government , have contractual agreement between government and willing parties ,government to direct public by providing goods and service .

and revenue generated from these activities are recognized when service is provided or when cash is collected.

so in case of license and permits revenue generated as soon as license and permit is transferred to the willing parties it means service is transferred only when payment is made ,

so license is grant only when payment is made so in government accounting of permit and licenses account receivables doesn't appear to happen , the transaction are all cash or service is complete after payment

and account receivable happens when service is provided and payment is made later.