MCQOPTIONS
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| 1. |
How is the date of receipt of consideration by the supplier determined? |
| A. | Date on which the receipt of payment is entered in the books of account |
| B. | Date on which the receipt of payment is credited in the bank account |
| C. | Earlier of (a) & (b) |
| D. | (a) & (b) whichever is later |
| Answer» D. (a) & (b) whichever is later | |