'Sale is recognised on the basis of cash memo or invoice' Which accounting convention is involved in this statement - Accountancy - Theory Base of Accounting

Question

'Sale is recognised on the basis of cash memo or invoice' Which
accounting convention is involved in this statement?

Rashi Lokwani · Accepted Answer

Dear Student,

The Objectivity concept is followed in this statement
The Objectivity concept states that financial statements should be
based on solid evidence and should be free from bias

Regards

'Sale is recognised on the basis of cash memo or invoice'. Which accounting convention is involved in this statement?