Laserfiche WebLink
<br />. <br /> <br />. <br /> <br /> <br />ARKANSAS RIVER CO~PACT AO~INISTRATION <br />NOTES TO CASH BASIS STATE~ENTS <br />JUNE 30, 19B6 <br /> <br />Note 1 - Summary of significant accounting policies. <br /> <br />a. The Administration maintains financial records using <br /> <br />the cash basis of accounting. <br /> <br />By using the cash <br /> <br />basis of accounting, certain key accounts needed to <br /> <br />present financial position and results of operations <br /> <br />are omitted; <br /> <br />examples of these accounts are accounts <br /> <br />receivable and accounts payable. <br /> <br />-5- <br /> <br />