alleryStart learning →For time of supply, the date of receipt of payment is the
Alater of books and bank date
Bdate the cheque is handed over
Cearlier of books and bank date
Ddate of invoice issue
Answer & Solution
Correct answer: C. earlier of books and bank date
The explanation takes the date the payment is entered in the supplier's books or credited in his bank, whichever is earlier.
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