Question 7 What is the impact on the accounting equation when an accounts receivable is collected? O both sides increase O both sides decrease O only the Asset side changes O the total of neither side changes
Question 7 What is the impact on the accounting equation when an accounts receivable is collected? O both sides increase O both sides decrease O only the Asset side changes O the total of neither side changes
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![Question 7
What is the impact on the accounting equation when an accounts
receivable is collected?
O both sides increase
O both sides decrease
O only the Asset side changes
O the total of neither side changes](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7a3f1e7a-a5fa-4c72-aa71-af6dc985f612%2F807eb6bd-5a57-4b2a-8206-e418126d2855%2Fv7ok2x_processed.png&w=3840&q=75)
Transcribed Image Text:Question 7
What is the impact on the accounting equation when an accounts
receivable is collected?
O both sides increase
O both sides decrease
O only the Asset side changes
O the total of neither side changes
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