Revenue defined.
Nev. Rev. Stat. § 353.311
in effectRevenue 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.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-353.htmlFetched: 10/4/2026
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-353.htmlFetched: 6/28/2026