Cal. Code Regs. Tit. 2, § 1101.2 - Accounting Method and Basis
The enterprise approach, having as its objective the determination of financial position and the results of operations by fiscal period, is prescribed. Accounts shall be kept by the double-entry method on the accrual basis, with the exception of assessments and ad valorem taxes, for which the accrual basis is optional.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.