17 Dec
2003
17 Dec
'03
11:17 p.m.
From: IN%"pfarrell@netcom.com" 5-DEC-1995 02:49:01.83 Accountants know how to meet acceptable auditing standards when transactions are in cash. I learned this from the CPA I live with. ----------------- How does this work? While I can see tracking expenditures (i.e., the advertized price of an item and the amount of that item purchased by a store), it would appear decidedly more difficult in the case of service companies (and even more so for self-employed individuals). I am not referring to a company being able to keep track of its own books; I am referring to the IRS accepting those books as the real ones, when a large part of the company's income is in cash and therefore hard to trace. -Allen