Accounting 0452 · IGCSE · Accounting principles

Accounting principles — practice question

Charlie works as a car dealer. Joe wanted a new car, so he visited Charlie’s car showroom. On Monday Joe took a car out for a test drive and chose to buy it. On Tuesday Joe made arrangements to pay for the car by cheque. On Wednesday Joe picked up the car and was given an invoice. On Thursday Joe’s cheque was cleared by the bank. On which day was Charlie able to recognise the profit on the sale?

  • AMonday
  • BTuesday
  • CWednesday
  • DThursday

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI