Section 706.401933 - Accounting method and period1. Each entry in an account prescribed by the uniform system of accounts for limousine operations must be made by the "double-entry" method of bookkeeping, and each such account must be maintained on an accrual basis. If bills covering transactions have not been received or rendered, the amounts must be estimated and accruals based on the estimates or orders must be recorded. Appropriate adjustments must be made when phone bills, utility bills or other bills are received.2. A company shall keep its books on a monthly basis so that for each month all applicable transactions are entered in the books of the company.3. A company shall close its books for regulatory purposes at the end of each calendar year unless the company has received permission from the Authority to report based on a fiscal year.Nev. Admin. Code § 706.401933
Added to NAC by Transportation Serv. Auth. by R040-02, eff. 9-20-2002