Nevada § 354.520 - “Expenditure” defined
Full text of Nevada Nevada Revised Statutes § 354.520 — “Expenditure” defined, with citation guidance and answers to common questions.
§ 354.520. “Expenditure” defined
1. “ Expenditure ” means: (a) If the accounting records are kept on the modified accrual basis, the cost of
goods delivered or services rendered, whether paid or unpaid. Expenditures are recognized in the accounting period in which the fund liability
is incurred, if measurable, except for unmatured interest on general long-term liabilities
which should be recognized when due. (b) If accounts are kept on the cash basis, only cash disbursements for the purposes
listed in paragraph (a). 2. Encumbrances are not considered expenditures.
Frequently Asked Questions About Nevada § 354.520
What does Nevada Revised Statutes § 354.520 cover?
Section 354.520 ("“Expenditure” 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 § 354.520?
A common citation format is "Nevada Revised Statutes § 354.520" (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 § 354.520 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.