N.H. Admin. Code § Rev 1101.17

Current through Register No. 50, December 12, 2024

Section Rev 1101.17 - Modified Accrual

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

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

(b) Expenditures 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 1101.17

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

New. #6476, eff 3-26-97; ss and moved by #8306, eff 3-22-05 (from Rev 1101.15 ); ss by #10304, eff 3-22-13