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Which accounting concept is used in the following accounting treatment? A customer saw a bed in 2007 and said he might buy it. He called
Which accounting concept is used in the following accounting treatment?
"A customer saw a bed in 2007 and said he might buy it. He called in 2008 and ask for the bed to be delivered. The item was not treated as a sale in 2007 but was treated as a sale in 2008".
Select one:
- a. Money measurement
- b. Accrual
- c. Realization
- d. Historic cost
Which accounting concept is used in the following accounting treatment?
"A customer saw a bed in 2007 and said he might buy it. He called in 2008 and ask for the bed to be delivered. The item was not treated as a sale in 2007 but was treated as a sale in 2008".
Select one:
- a. Money measurement
- b. Accrual
- c. Realization
- d. Historic cost
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