Section 706.401976 - Accounts for deferred credits, dividends payable and mortgage payable1. The account for deferred credits must include advance billings and receipts and other deferred credit items not provided for elsewhere in the uniform system of accounts for limousine operations, including, without limitation, amounts that cannot be entirely cleared or disposed of until additional information has been received. Records supporting the entries to the account must be made with sufficient detail and description to allow ready identification, analysis and verification of all relevant facts.2. The account for dividends payable must include the amount of all dividends that have been declared but not paid. Dividends must be credited to this account when they become a liability.3. The current portion of the account for mortgage payable must include the portion of any mortgage payments, including interest, that becomes due and is unpaid within 1 year after the reporting date.Nev. Admin. Code § 706.401976
Added to NAC by Transportation Serv. Auth. by R040-02, eff. 9-20-2002