When the entity received payment from its customers, without rendering its services yet, this would cause what effect on corresponding accounts? a. Both increase in assets and liabilities b. Increase...



When the entity received payment from its customers, without rendering its services yet, this would cause what effect on corresponding accounts?







a. Both increase in assets and liabilities








b. Increase in assets and decrease in liabilities








c. Both decrease in assets and liabilities


d. Increase in liabilities and decrease in assets







Jun 10, 2022
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