Receiving cash from an account receivable:
A) Increases revenue and decreases an asset.
B) Decreases a liability and increases an asset.
C) Increases an asset and increases revenue.
D) Increases one asset and decreases another asset.
Answer: D
A) Increases revenue and decreases an asset.
B) Decreases a liability and increases an asset.
C) Increases an asset and increases revenue.
D) Increases one asset and decreases another asset.
Answer: D
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.