Nevada Administrative Code
Chapter 387 - Financial Support of School System
CHARTER SCHOOL AND UNIVERSITY SCHOOL FOR PROFOUNDLY GIFTED PUPILS BUDGET AND FINANCE REGULATIONS
Section 387.615 - "Accrual basis" defined
Universal Citation: NV Admin Code 387.615
Current through December 12, 2024
"Accrual basis" means the basis of accounting under which expenditures or expenses are recorded as soon as they result in liabilities for benefits received and revenues are recorded when earned, despite the possibility that the receipt of the revenue or the payment for the expense may take place, in whole or in part, in another accounting period.
Added to NAC by Bd. of Education by R026-09, eff. 10-27-2009
NRS 386.540, 392A.060
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