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Receiving a payment from a customer on account would:

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Receiving a payment from a customer on account would:

Receiving a payment from a customer on account would:
A) increase both assets and owner's equity.
B) increase net income and decrease liabilities.
C) have no effect on total assets or owner's equity.
D) decrease liabilities and increase owner's equity.

Textbook

Accounting, Volume 1, Canadian Edition

Edition: 9^th

Authors: Horngren, Harrison, Johnston, Meissner, Norwood

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