Taxpayers that sell merchandise to their customers must use the accrual method to account for purchases and sales of merchandise.

Name: Taxpayers that sell merchandise to their customers must use the accrual method to account for purchases and sales of merchandise.
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Taxpayers who sell merchandise generally must use the accrual method to account for purchases and sales to accurately reflect income and expenses in the period they occur, as per IRS regulations.

Taxpayers That Sell Merchandise to Their Customers Must Use the Accrual