Nevada § 353.311 - “Revenue” defined
Full text of Nevada Nevada Revised Statutes § 353.311 — “Revenue” defined, with citation guidance and answers to common questions.
§ 353.311. “Revenue” defined
“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. If the accounts are kept on the modified accrual basis, the additions must be measurable
and available to finance expenditures of the fiscal period.
Frequently Asked Questions About Nevada § 353.311
What does Nevada Revised Statutes § 353.311 cover?
Section 353.311 ("“Revenue” defined") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 353.311?
A common citation format is "Nevada Revised Statutes § 353.311" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 353.311 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.