Nev. Admin. Code § 706.401974

Current through September 16, 2024

Section 706.401974 - Account for accrued interest

The account for accrued interest must include the amount of interest accrued but not due on all liabilities of the company, other than interest added to the principal of the debt on which incurred. The account for accrued interest must include, without limitation, interest incurred on contracts payable. Supporting records must be maintained to show the amount of interest accrued on each obligation.

Nev. Admin. Code § 706.401974

Added to NAC by Transportation Serv. Auth. by R040-02, eff. 9-20-2002

NRS 706.167, 706.171