Nev. Rev. Stat. § 354.479
“Accrual basis” defined
Nevada · Nevada Revised Statutes Chapter 354 — Local Financial Administration · Status: effective
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- Nev. Rev. Stat. § 354.479, “Accrual basis” defined, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2105577
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“Accrual basis” means the basis of accounting under which expenditures or expenses are recorded as soon as they result in liabilities for benefits received and revenues are recorded when earned, despite the possibility that the receipt of the revenue or the payment for the expense may take place, in whole or in part, in another accounting period.