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Posted on Sep 07, 2024

Jim services a car on 31 July. The customer picks up the vehicle on 1 August and mails the payment to Jim on 5 August.

Jim services a car on 31 July. The customer picks up the vehicle on 1 August and mails the payment to Jim on 5 August. Jim receives the cheque in the mail on 6 August. When should Jim recognise the accounts receivable relating to the service provided?

a.

31 July.

b.

6 August.

c.

1 August.

d.

5 August.

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