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linda_us, Master's Degree
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Which of the following is permitted to use the cash method

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Which of the following is permitted to use the cash method of accounting?
a)A retail business with average annual gross receipts of $800,000.
b)A medical doctor with average annual gross receipts of $2,000,000.
c)An insurance agency with average annual gross receipts of $2,000,000.
d)All of the above are permitted to use the cash method.
HiCustomer

The answer is d)All of the above are permitted to use the cash method.

Regards

Linda
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