CHAPTER Rev 2200 FINANCIAL ACCOUNTING FOR
COUNTIES
Statutory
Authority: RSA 21-J:1; 21-J:3; 21-J:13, III ; 21-J:16; 21-J:34; 27:3; 33:14.
PART Rev 2201 GENERAL DEFINITIONS
Rev 2201.01
"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.
Source.
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