ON 31 MARCH 2012, AV CO ISSUED AN INVOICE OF VND5,000 MILLION FOR...

11. On 31 March 2012, AV Co issued an invoice of VND5,000 million for the sale of a machine to a buyer. AV Cohad purchased this machine for trading in December 2011 for VND4,000 million. As the machine (together withthe risks and rewards of ownership) was only delivered to the buyer in April 2012, the revenue and costs ofgoods sold were not recorded in the financial statements of AV Co in the period ended 31 March 2012, and theaccountant decided not to adjust for the gross profit of VND1,000 million in the draft return.