Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

A business has a year end of 31 March. On 31 March 2016, the business took an order from a credit customer. The goods were not delivered to the customer until 5 April 2016. This sale was left out of the financial statements for the year ended 31 March 2016. Which accounting concept(s) are being used?

  • A1 and 2
  • B1 only
  • C2 and 3
  • D2 only

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