Michigan Administrative Code (Last Updated: November 16, 2016) |
Department ED. Education |
Superintendent of Public Instruction |
Chapter Financial Accounting System for Public Schools |
Section 340.853. Accrual system of accounting.
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A system of accrual accounting shall be adopted by each school district to insure that services and materials purchased for a given fiscal year are charged in the accounting system for that year.
History: 1979 AC.