Multiple Choice
A business received $10,000 from a customer in payment of an amount owed. The effect of the transaction on the accounting equation was to:
A) increase one Asset, decrease another Asset.
B) increase an Asset, increase a Liability.
C) decrease an Asset, decrease a Liability.
D) increase an Asset, increase Owner's Equity.
Correct Answer:
Verified
Correct Answer:
Verified
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