Rev 2001.01

"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 to be recognized in the period incurred, if measurable.
Source. #5454, eff 8-28-92; ss by #6809, eff 7-21-98;
ss by #8686, eff 7-21-06; ss by #10675, eff 9-24-14; ss by #14072, eff 9-10-24