Daphne bought a dishwasher and paid for it with her credit card. The company delivered the dishwasher to her the very same day. When should Daphne record the sale? A. the day the manufacturer’s bank account was credited with the amount. B. the day the company delivered the dishwasher to Daphne. C. the day the amount was debited from Daphne’s account. D. at the end of the accounting year.
B. the day the company delivered the dishwasher to Daphne.
When Daphne receives the product, which is the same day as the purchase, Daphne should record the sale. You record expenses in conjunction with the time in which you receive the good or benefit of the cost.
