Max opened his dental practice (a sole proprietorship) in March 2019. At the end of the year, he has unpaid accounts receivable of $62,000 and no unpaid accounts payable. Should Max use the accrual method or the cash method for his dental practice?

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The Answer of Max opened his dental practice (a sole proprietorship) in March 2019. At the end of the year, he has unpaid accounts receivable of $62,000 and no unpaid accounts payable. Should Max use the accrual method or the cash method for his dental practice?

Max Opened His Dental Practice (A Sole Proprietorship) in March