If inventory is a material amount,what method of accounting is acceptable for a sole proprietorship to use?
A)Accrual method.
B)Both Accrual method and Hybrid method.
C)The cash method.
D)Hybrid method.

Question

Quizplus · Accepted Answer

A sole proprietorship with a material amount of inventory must use the accrual method or a hybrid method that includes accrual accounting for inventory.

If Inventory Is a Material Amount,what Method of Accounting Is