Cal. Code Regs. tit. 2 § 1101.2
Current through Register 2025 Notice Reg. No. 2, January 10, 2025
The enterprise approach, having as its objective the determination of financial position and the results of operations by fiscal period, is prescribed. Accounts shall be kept by the double-entry method on the accrual basis, with the exception of assessments and ad valorem taxes, for which the accrual basis is optional.
Cal. Code Regs. Tit. 2, § 1101.2