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 2201.15 - Modified accrual basis of accounting
Universal Citation: NH Admin Rules Rev 2201.15
Current through Register No. 13, March 27, 2025
"Modified accrual basis of accounting" means the method under which:
(a) Revenues are recognized in the accounting period in which they become available and measurable; and
(b) Expenditures, rather than expenses are recognized in the accounting period in which the fund liability is incurred, if measurable, except for unmatured interest on general long-term debt.
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