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Author Question: Discuss when expenses are deductible under the accrual method of accounting. (Read 57 times)

anshika

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Question 1

Rachel has significant travel and entertainment expenses for her work, but she has not kept receipts.  She will be able to deduct a reasonable amount of these ordinary and necessary expenses under the Cohan rule.
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Question 2

Discuss when expenses are deductible under the accrual method of accounting.


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Marked as best answer by anshika on Sep 13, 2020

TheDev123

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anshika

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


mcabuhat

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Reply 3 on: Yesterday
Gracias!

 

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