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- Re: How is conversion from cash to accrual basis reflected in the balance sheet for the 1065 business tax return? do we show it as adjustments to equity?
How is conversion from cash to accrual basis reflected in the balance sheet for the 1065 business tax return? do we show it as adjustments to equity?
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etiennegerald-y
Level 1
03-05-2022
09:00 PM
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1 Comment 1
sjrcpa
Level 15
03-05-2022
09:14 PM
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No.
You present the balance sheet as accrual or cash.
The more I know, the more I don't know.
