ABC Company sold goods which had originally cost £400. The selling price was

£1000, of which £400 was collected immediately, and £600 remained outstanding at the Balance Sheet date . The effect of the transaction on the Balance Sheet would be:

(a) no change in the total amount of assets and equities;

(b) an increase in total assets and total equities;

(c) a decrease in total assets and total equities;

(d) a decrease in total assets and increase in total equities.