Multiple Choice
Auto Care Ltd serviced a motor vehicle on 30 April and issued the invoice to the owner when the motor vehicle was picked up at the end of the day.The owner sends a cheque to Auto Care Ltd on 2 May which is received and banked by Auto Care Ltd on 6 May.Auto Care Ltd will recognise income on:
A) 30 April.
B) 2 May.
C) 6 May.
D) 31 May.
Correct Answer:
Verified
Correct Answer:
Verified
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