A trader sells goods for $6600 to a customer on 31 March 2019, which is the final day of his financial year. An invoice is not issued until three days afterwards. He is told that the sales of $6600 ought to be recorded in the financial statements for the year ended 31 March 2019. Which accounting concepts are being applied?
- A1 and 2
- B2 and 3
- C2 only
- D3 only