CA gross receipts test for inventory accounting

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Message Board CA gross receipts test for inventory accounting

This topic contains 0 replies, has 1 voice, and was last updated by Mary Annette Fabay 1 week, 3 days ago.

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    Mary Annette Fabay
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    I would like to know what is CA’s rule on accounting for inventories – for CA purposes it does not conform to the new law for the gross receipts test, please confirm what the rules are to account for inventories/requirement for accrual method for tax purposes. Thank you so much.