N.H. Admin. Code § Rev 2001.15

Current through Register No. 42, October 17, 2024

Section Rev 2001.15 - Modified accrual basis of accounting

"Modified accrual basis of accounting" means the method under which:

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

(b) Expenditures, rather than expenses, are recognized in the accounting period in which the fund liability is incurred, if measurable, except for unmatured interest on general long-term debt.

N.H. Admin. Code § Rev 2001.15

#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.