One of the problems in using one set of accounting records for tax reporting and another set of records for internal management reporting is that:
A)tax authorities may suspect manipulation of records.
B)it is almost impossible to keep the records straight and hard to reconcile the books.
C)it is illegal.
D)Both A and B are correct.

Question

Quizplus · Accepted Answer

The Answer of One of the problems in using one set of accounting records for tax reporting and another set of records for internal management reporting is that:
A)tax authorities may suspect manipulation of records.
B)it is almost impossible to keep the records straight and hard to reconcile the books.
C)it is illegal.
D)Both A and B are correct.

One of the Problems in Using One Set of Accounting