It is usually unnecessary to use the accrual basis of accounting at the end of probate administration.

Question

Quizplus · Accepted Answer

The accrual basis of accounting is not typically necessary at the end of probate administration because probate primarily involves the actual collection, management, and distribution of the decedent's assets, rather than the ongoing tracking of revenues and expenses over time, which is where accrual accounting is most useful.

It Is Usually Unnecessary to Use the Accrual Basis of Accounting