N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1647-7.2
Current through Register Vol. 46, No. 45, November 2, 2024
Before closing, all adjustments reflecting accruals, deferred charges and unpaid invoices on hand applicable to the fiscal year being closed shall be recorded in the books in the manner prescribed by Subpart 1647-6. The adjustment reflecting the amount of subsidies to be taken into income for the fiscal year shall not, however, be made until a trial balance of the subsidiary ledgers and a pre-closing trial balance of the general ledger have been made.
N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1647-7.2