Nevada § 353.311 “Revenue” defined

Nevada Statutes

§ 353.311 — “Revenue” defined

Nevada § 353.311

Title 31PUBLIC FINANCIAL ADMINISTRATION

Ch. 353State

STATE ACCOUNTING PROCEDURES LAW

This text of Nevada § 353.311 (“Revenue” defined) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 353.311 (2026).

Text

“Revenue” means the gross increase in ownership equity during a designated period. If the accounts are kept on an accrual basis, the term designates:

1.Additions to assets which do not increase any liability or represent the recovery of an expenditure or contributions of fund capital in proprietary funds; and

2.The cancellation of liabilities without a corresponding increase in other liabilities or a decrease in assets. Ê If the accounts are kept on the modified accrual basis, the additions must be measurable and available to finance expenditures of the fiscal period.

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“Revenue” means the gross increase in ownership equity during a designated period. If the accounts are kept on an accrual basis, the term designates:
1. Additions to assets which do not increase any liability or represent the recovery of an expenditure or contributions of fund capital in proprietary funds; and
2. The cancellation of liabilities without a corresponding increase in other liabilities or a decrease in assets.
Ê If the accounts are kept on the modified accrual basis, the additions must be measurable and available to finance expenditures of the fiscal period.