N.H. Admin. Code § Rev 1101.03

Current through Register No. 50, December 12, 2024

Section Rev 1101.03 - Accrual

"Accrual" means the basis of accounting under which:

(a) Revenues are recognized in the accounting period during which they are:

(1) Earned; and

(2) Become measurable; and

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

N.H. Admin. Code § Rev 1101.03

#1536, eff 2-19-80; ss by #2053, eff 6-10-82; ss by #2723, eff 5-23-84, EXPIRED 5-23-90

New. #5072, eff 2-21-91, EXPIRED 2-21-97

New. #6476, eff 3-26-97; ss by #8306, eff 3-22-05; ss by #10304, eff 3-22-13