Question

why hybrid system of accounting is accepted ?​

Answer 1

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Hybrid accounting incorporates the cash and accrual methods of accounting and is acceptable for internal accounting as well as tax purposes. ... The hybrid method must be applied consistently in order to pass IRS scrutiny and be acceptable for internal accounting purposes.

Answer 2

Answer:

Hybrid accounting incorporates the cash and accrual methods of accounting and is acceptable for internal accounting as well as tax purposes. ... The hybrid method must be applied consistently in order to pass IRS scrutiny and be acceptable for internal accounting purposes.

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