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New York Codes Rules Regulations (Last Updated: March 27,2024) |
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TITLE 16. Department of Public Service |
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Chapter IV. Steam Utilities |
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Subchapter F. Uniform Systems of Accounts |
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Article 1. Classes A and B |
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Part 461. Instructions—General |
Sec. 461.3. Accounting period
Latest version.
- Each utility shall keep its books on a monthly basis, so that for each month all transactions applicable thereto, as nearly as may be ascertained, shall be entered in the books of the utility. A trial balance shall be taken after the monthly postings have been made, and each utility shall close its books at the end of each calendar year.