Nevada Administrative Code
Chapter 706 - Motor Carriers
UNIFORM SYSTEM OF ACCOUNTS FOR LIMOUSINE COMPANIES
Accounts
Section 706.401978 - Accounts for long-term liabilities

1. The account for total long-term notes payable must include:

2. The account for total long-term contracts payable must include the face value of each installment contract that, by the terms of its creation, matures more than 1 year after the date of issue or assumption.

3. The account for total mortgages payable must include the face value of each bond and mortgage that, by the terms of its creation, matures more than 1 year after the date of issue.

4. The account for partner loans must include loans or advances made to the company by its partners.

5. The stockholder's loan account must include loans or advances made to the company from its officers, stockholders or directors.

6. The account for other long-term liabilities must include the balance of all long-term liabilities of more than 1 year that are not otherwise specifically provided for in the accounts described in subsections 1 to 5, inclusive. Records supporting the entries to the account must be maintained with sufficient description and detail to allow ready identification, analysis and verification of all relevant facts.