Part B Consider the following two independent cases: H Limited recorded credit sales to a customer of $14,600 on 28 December 2019 in its financial statements for the year ended 31 December 2019. The amount of sales was subsequently paid by the customer on 15 January 2020. D Limited uses straight-line method to calculate depreciation of noncurrent assets for all accounting years. Required: For each of the above cases, identify and explain the relevant accounting concept the company has applied