Chance Limited has a $28$ February year end. Chance's auditors $,$Tikenbash performed the audit of the financial statements for the period ended $28$ February $2019$ during march and april $2019.$ The auditors presented Chance Ltd with an invoice for R$250000$ on the $21$ April $2019$

$.$ The financial statements will be authorised for issue on $30$ April $2019.$ The auditors and accountants are currently arguing about whether or not this invoice should be recognised in the financial statement as a liability for the year ended $28$ February $2019.$

Explain, with reference to the framework whether or not the invoice shoukd be recognised in the financial statements of Chance Ltd for the year ended $28$ February $2019$