N.H. Admin. Code § Rev 2001.01

Current through Register No. 45, November 7, 2024

Section Rev 2001.01 - Accrual basis of accounting

"Accrual basis of accounting " means the method under which:

(a) Revenues are recognized in the accounting period in which they are earned and become measurable; and

(b) Expenses are to be recognized in the period incurred, if measurable.

N.H. Admin. Code § Rev 2001.01

#5454, eff 8-28-92; ss by #6809, eff 7-21-98; ss by #8686, eff 7-21-06

Amended byVolume XXXIV Number 41, Filed October 9, 2014, Proposed by #10675, Effective 9/24/2014, Expires9/24/2024.