First Page
60
Abstract
Accounting concepts and principles have long been part of the stock in trade of the trust and estate lawyer, the corporate and business advisor, the family investment counselor.' Among the most elementary of these concepts are the cash and accrual methods of accounting. The general practitioner has shown a strange reluctance to grapple with these terms. Yet as a result of the develop- ing case law they have in the field of taxation more of a legal than an account- ing flavor in that the policy considerations on which judicial decisions are based have so shaped and altered their traditional meaning that to the non- tax accountant they are, to put it mildly, distorted versions of the original systems. It is the purpose of this article to introduce the two methods of income 'tax accounting to the general practitioner who is not a specialist in the field and to the student who is attempting to learn the subject of income taxation. The article simply seeks to express in a clear and orderly fashion the developed law on the topic.
Recommended Citation
William J. Bowe Professor of Law,
Cash and Accrual Methods of Income Tax Accounting,
3 Vanderbilt Law Review
60
(1949)
Available at: https://scholarship.law.vanderbilt.edu/vlr/vol3/iss1/3
