AC-1 FORM

1. reports the gross income of the organization for the week, shows the calculation of the corrected gross income and the allocation of the corrected gross income. The corrected gross income is the income available for use and is calculated by deducting various items as detailed on the form. The AC-1 form does not apply to an AO, SH, FOLO, Estates Org or any non-service org. These orgs will use the AC-2 form. (BPL 4 Dec 72 IIRB) 2. HCO WW form AC-1 is the only proportionate breakdown acceptable to HCO WW Accounts. (HCO PL 19 Sep 62)[The above HCO PL was cancelled by BPL 10 Oct 75 IV.]