Nev. Admin. Code § 387.670

Current through November 25, 2024

Section 387.670 - "Modified accrual basis" defined

"Modified accrual basis" means the basis of accounting under which expenditures other than accrued interest on general long-term debt are recorded at the time liabilities are incurred and revenues are recorded when they become measurable and available to finance expenditures of the fiscal period.

Nev. Admin. Code § 387.670

Added to NAC by Bd. of Education by R026-09, eff. 10-27-2009

NRS 386.540, 392A.060