2 CRR-NY 16.7NY-CRR
2 CRR-NY 16.7
2 CRR-NY 16.7
16.7 Cafeterias and commissaries.
(a) Accounting records shall be kept on an accrual basis in order to reflect properly the assets and liabilities and to determine the profit or loss from operations. This requirement is especially necessary where the activity must be operated on a self-sustaining basis, so that the price of goods sold shall be sufficient to defray all cost. A physical inventory shall be taken at the close of each fiscal year.
(b) Receipts shall be controlled, wherever practicable, through cash registers, or by the use of bound press-numbered receipt books or tickets. Expenditures shall be supported by invoices or vouchers approved by an authorized person.
2 CRR-NY 16.7
Current through August 31, 2022
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.