Section Rev 2201.15 - 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 2201.15
Amended byVolume XXXIV Number 33, Filed August 14, 2014, Proposed by #10652, Effective 8/8/2014, Expires8/8/2024.