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9. A Company collected RM500 out of RM700 outstanding debts from its debtors. What is the effect on the Balance Sheet? A. there is no
9. A Company collected RM500 out of RM700 outstanding debts from its debtors. What is the effect on the Balance Sheet? A. there is no change in total assets, liabilities, or capital. B. the debtor's accounts are decreased by RM500, and capital is decreased by RM500. C. the cash is increased by RM500, and capital is increased by RM500. D. the total of current assets is decreased but liabilities and capital remain the same. 10. As at December 31, 2018, A Company has assets of RM3,500, and owner's equity of RM2,000. What are the liabilities for the Company as at December 31, 2018? A. RM1,500 B. RM 1,000 C. RM2,500 D. RM2,000
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