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NRS 353.3241 – Modified accrual or accrual basis of accounting to be used.

1. The modified accrual or accrual basis of accounting, as appropriate, must be utilized in measuring financial position and operating results. 2. Revenues and expenditures concerning governmental funds must be recognized on the modified accrual basis. Revenues must be recognized in the accounting period in which they become available and measurable. Expenditures must be recognized […]