Generally income tax accounting methods are designed to result in
I.a proper application of the wherewithal-to-pay concept.
II.a proper matching of expenses to the revenues being generated.

Question

Generally income tax accounting methods are designed to result in
I.a proper application of the wherewithal-to-pay concept.
II.a proper matching of expenses to the revenues being generated.
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Quizplus · Accepted Answer

Income tax accounting methods are primarily concerned with the wherewithal-to-pay concept, which focuses on the taxpayer's ability to pay taxes, rather than matching expenses to revenues, which is more relevant to financial accounting.

Generally Income Tax Accounting Methods Are Designed to Result in