If one of Dannis customers, who bought drinks worth 30 during January, was allowed not to pay

Question:

If one of Danni’s customers, who bought drinks worth €30 during January, was allowed not to pay immediately but was given one month’s credit, then:
1. What would be the effect on Danni’s profit for January?
2. What would be the effect on Danni’s cash balance for January?
For accounting purposes, it is important to understand when the actual transaction has taken place.

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