New Hampshire Code of Administrative Rules
Rev - Department of Revenue Administration
Chapter Rev 2200 - FINANCIAL ACCOUNTING FOR COUNTIES
Part Rev 2201 - GENERAL DEFINITIONS
Section Rev 2201.01 - Accrual basis of accounting
Universal Citation: NH Admin Rules Rev 2201.01
Current through Register No. 13, March 27, 2025
"Accrual basis of accounting" means the method under which:
(a) Revenues are recognized in the accounting period in which they are earned and become measurable; and
(b) Expenses are recognized in the period incurred, if measurable.
#5455, eff 8-28-92; ss by #6808, eff 7-21-98; ss by #8687, eff 7-21-06
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