N.H. Admin. Code § Rev 2201.01

Current through Register No. 50, December 12, 2024

Section Rev 2201.01 - 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 recognized in the period incurred, if measurable.

N.H. Admin. Code § Rev 2201.01

#5455, eff 8-28-92; ss by #6808, eff 7-21-98; ss by #8687, eff 7-21-06

Amended byVolume XXXIV Number 33, Filed August 14, 2014, Proposed by #10652, Effective 8/8/2014, Expires8/8/2024.