1.

The date on which the supplier receives the payment shall be

A. the date on which the payment is entered in his books of account
B. the date on which the payment is credited to his bank account
C. the date on which the payment is entered in his books of account or the date on which the payment is credited to his bank account whichever is earlier
D. the date on which the payment is entered in his books of account or the date on which the payment is credited to his bank account whichever is later
Answer» D. the date on which the payment is entered in his books of account or the date on which the payment is credited to his bank account whichever is later


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