Nevada Administrative Code
Chapter 706 - Motor Carriers
UNIFORM SYSTEM OF ACCOUNTS FOR LIMOUSINE COMPANIES
Accounts
Section 706.40197 - Accounts for accounts payable, open accident liabilities and contracts payable

Universal Citation: NV Admin Code 706.40197

Current through December 31, 2024

1. The account for accounts payable must include all amounts for goods and services received by the company which are payable within 1 year after the date thereof and which have not been paid.

2. The account for open accident liabilities must include a provision for the amounts set aside by self-insured companies for the actual or estimated liabilities from accidents not totally covered by insurance policies.

3. For reporting purposes, the portion of any contract payable which becomes due within 1 year after the date thereof and which has not been paid must be included in the account for contracts payable.

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.