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When is a transaction recorded in the accounts, when the goods are sold or at the time a payment is made? LEARN MORE https://www.youtube.com/theaccountingstudent?sub_confirmation=1

ENJOYED WATCHING? MORE CONTENT LIKE THIS BELOW
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The Accounting Concepts | https://www.youtube.com/playlist?list=PL3cdk_SU0v30CeJsBoQpDWUvyzZrq-Vcu
The Financial Statements | https://www.youtube.com/playlist?list=PL3cdk_SU0v30pyxj0-2TeSn9svk2YstV9
Introduction to Accounting and Bookkeeping | https://www.youtube.com/playlist?list=PL3cdk_SU0v31dP04X3WF6feHpZgS1rKPA
The Accounting Equation | https://www.youtube.com/playlist?list=PL3cdk_SU0v322HgQ6FqYnUC-ilGgpDYpd

VIDEOS
What is the Business Entity Concept | https://youtu.be/ZMQeISu7wdE
What is the Materiality Concept | https://youtu.be/X_4PsfDqYAs
What is the Going Concern Concept | https://youtu.be/n0A6H-4Y0x4
What is the Accruals and Matching Concept | https://youtu.be/e71V1rx4IIU
What is the Prudence Concept | https://youtu.be/LJ2WlUU0r7U
What is the Consistency Concept | https://youtu.be/isQezc5-KtY
What is the Money Measurement Concept | https://youtu.be/SAHeRevhtYw
What is the Cost Concept | https://youtu.be/Cbx4gPu8bCc
What is the Dual Aspect Concept | https://youtu.be/kqzrGxRKKSo

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CREDIT FOR BACKGROUND MUSIC
Ben Fry Drums | https://www.youtube.com/channel/UCQfjnpDLuAzr0cnNgKTnhXwe