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Level 1
March 6, 2022
Question

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?

  • March 6, 2022
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1 reply

sjrcpa
Level 15
March 6, 2022

No.

You present the balance sheet as accrual or cash.

The more I know the more I don’t know.