NRS 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.

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.