Section 426.326 - Acquisition of merchandise, accessories and supplies necessary to begin and continue operation; requirements for conducting physical inventory1. An operator or trainee shall obtain the items of merchandise, accessories and supplies that are necessary to begin operation of his or her vending facility. An operator or trainee shall deduct the value of those items of merchandise, accessories and supplies as a business expense if the deduction will not result in a negative balance in his or her net proceeds. Any amount that is not deducted must be shown as an asset on the monthly balance sheet maintained by the operator or trainee until it is liquidated.2. An operator or trainee shall obtain items of merchandise, accessories and supplies in quantities that are sufficient to ensure the continued operation of his or her vending facility.3. On an annual basis and at any other time prescribed by the Administrator or his or her designee, an operator or trainee shall conduct a physical inventory of the items of merchandise, accessories and supplies that the operator or trainee has in his or her possession for resale, and record the results of the inventory in his or her books and records of account. A copy of the results of the inventory must be included with the monthly report that the operator or trainee is required to submit to the Bureau pursuant to NAC 426.255.Nev. Admin. Code § 426.326
Added to NAC by Bur. of Services to the Blind & Vis. Impaired, eff. 8-28-97; A by R091-00, 9-25-2000; R228-05, 5-4-2006