All of the following are acceptable methods of accounting for revenue and expenses for tax purposes except:
A)Accrual method
B)Percentage-of-completion
C)Hybrid method
D)All are acceptable methods

Question

Quizplus · Accepted Answer

All the listed methods (Accrual method, Percentage-of-completion, and Hybrid method) are acceptable for accounting for revenue and expenses for tax purposes, depending on the specific circumstances and requirements of the business or project.

All of the Following Are Acceptable Methods of Accounting for Revenue