NAC706.401975. Account for other current liabilities.

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The account for other current liabilities must include the balances in all open accounts representing current liabilities that are not specifically provided for in the accounts described in NAC 706.401969 to 706.401974, inclusive. Items that must be included in the account for other current liabilities, include, without limitation, unpaid matured interest and interest on unpaid, matured long-term debts. Records supporting the entries to this account must be made with sufficient description and detail to allow ready identification, analysis and verification of all relevant facts.

(Added to NAC by Transportation Serv. Auth. by R040-02, eff. 9-20-2002)

                    
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