This follows from the fundamental accounting equation: 5 1 . To keep this equation in balance, a

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This follows from the fundamental accounting equation:

5 1 . To keep this equation in balance, a decrease in Accounts Receivable would necessarily mean an equal [increase / decrease] in Cash, if these were the only two accounts involved.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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