The [name withheld] principle — that there is no warrant for combining two different accounting systems to produce assessable income for a single year — applies only where the same business changes its accounting method. Where a taxpayer ceases a sole practice (operated on a cash basis) and commences a new partnership (operating on an accruals basis), receipts from debtors of the former practice remain assessable income in the year received, as they derive from a different business.
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