Max opened his dental practice (a sole proprietorship)in March 2014.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 2014.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 2014