Accounting 0452 · IGCSE · Accounting principles

Accounting principles — practice question

At what stage does a business recognise the income from a sale of goods on credit?

  • Awhen a cheque is received from the customer in payment for the goods
  • Bwhen a cheque received is paid into the business bank account
  • Cwhen the goods are delivered to the customer
  • Dwhen the goods are ordered by the customer

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