Nevada Administrative Code
Chapter 706 - Motor Carriers
UNIFORM SYSTEM OF ACCOUNTS FOR LIMOUSINE COMPANIES
Accounts
Section 706.401966 - Accounts for organizational expense and deferred charges
Universal Citation: NV Admin Code 706.401966
Current through December 31, 2024
1. The account for organizational expense must include the original cost of organizing the company.
2. The account for deferred charges must include all debits for which a separate account has not been otherwise provided, including, without limitation:
(a) Unamortized debt discount and expense;
(b) Unusual or extraordinary expenses that are in the process of amortization; and
(c) Any other item for which the proper final disposition is uncertain.
The records supporting the entries to the account must contain sufficient detail and description to allow ready identification, analysis and verification of all relevant facts.
Added to NAC by Transportation Serv. Auth. by R040-02, eff. 9-20-2002
NRS 706.167, 706.171
Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
