Nev. Admin. Code § 387.615

Current through December 12, 2024

Section 387.615 - "Accrual basis" defined

"Accrual basis" means the basis of accounting under which expenditures or expenses are recorded as soon as they result in liabilities for benefits received and revenues are recorded when earned, despite the possibility that the receipt of the revenue or the payment for the expense may take place, in whole or in part, in another accounting period.

Nev. Admin. Code § 387.615

Added to NAC by Bd. of Education by R026-09, eff. 10-27-2009

NRS 386.540, 392A.060