Chris is a tiler who buys some tiles from Tile Mart Pty Ltd on 23^rd September. Tile Mart provide commercial credit terms of 30 days from the date of invoice and Chris pays the invoice on 15^th October.

Required: in which quarter will Tile Mart and Chris record the impact of this transaction if they each used: (a) cash accounting, and (b) accrual accounting.

• Tile Mart: a)

cash accounting

• Tile Mart: b) accrual accounting

• Chris: a)

cash accounting

• Chris: b)

accrual accounting