N.H. Admin. Code § Rev 2201.01 - Accrual basis of accounting

"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.

Notes

N.H. Admin. Code § Rev 2201.01

#5455, eff 8-28-92; ss by #6808, eff 7-21-98; ss by #8687, eff 7-21-06

Amended byVolume XXXIV Number 33, Filed August 14, 2014, Proposed by #10652, Effective 8/8/2014, Expires8/8/2024. Amended by Number 32, Filed August 8, 2024, Proposed by #14027, Effective 7/16/2024, Expires 7/16/2034.

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