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Other Fields Homework Help Accounting Topic started by: gOOvER on Sep 19, 2017



Title: Receiving cash from a customer in payment of an account receivable would:
Post by: gOOvER on Sep 19, 2017
Receiving cash from a customer in payment of an account receivable would:
A) decrease total assets and increase owner's equity.
B) increase owner's equity and increase liabilities.
C) increase total assets and decrease liabilities.
D) have no effect on total assets or owner's equity.


Title: Re: Receiving cash from a customer in payment of an account receivable would:
Post by: Kryzen on Sep 19, 2017
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Title: Re: Receiving cash from a customer in payment of an account receivable would:
Post by: gOOvER on Aug 6, 2018
Best answer