Which of the Following Methods of Accounting Is Never Permissible

question 84

Multiple Choice

Which of the following methods of accounting is never permissible for computing taxable income?

• A) Cash receipts and disbursements method
• B) Accrual method
• C) Hybrid method that combines the cash and accrual methods
• D) All of the above are permissible methods of accounting.

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Definitions:

Taxonomy

The science of classification, specifically the classification of living and extinct organisms into categories such as species, genus, family, etc.

Divine Plan

Divine Plan refers to a belief or doctrine that suggests the existence of a supernatural intention or guidance behind the events in the universe.

Carlos Linnaeus

A Swedish botanist, zoologist, and physician who laid the foundations for the modern scheme of taxonomy and is known as the father of modern taxonomy.

Theories

Systematically organized principles proposed to explain phenomena, often based on observation, experimentation, and reasoning rather than pure speculation.