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majestico majestico
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6 years ago
A business received $3,000 from a customer in payment of an amount owed. The effect of the transaction on the accounting equation was to:
A) decrease an asset, decrease a liability.
B) increase an asset, increase owner's equity.
C) increase one asset, decrease another asset.
D) increase an asset, increase a liability.
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College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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LaffioLaffio
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#1
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6 years ago
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majestico Author
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#2
6 years ago
Yeah, makes a lot more sense. Appreciate this quite a lot
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