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Current as of January 01, 2024 | Updated by Findlaw Staff
Whenever in the opinion of the Mayor the use of inventories is necessary in order to properly determine the income of any taxpayer, inventories shall be taken by such taxpayer upon such basis as the Mayor may prescribe as conforming as nearly as may be to the best accounting practice in the trade or business and as most clearly reflecting the income.
Cite this article: FindLaw.com - District of Columbia Code Division VIII. General Laws. § 47-1804.05. Inventories. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-viii-general-laws/dc-code-sect-47-1804-05/
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