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Delta Enterprises received cash from customers when service was rendered. The effect of this transaction on the basic accounting equation is: a. Increase in assets
Delta Enterprises received cash from customers when service was rendered. The effect of this transaction on the basic accounting equation is:
a. Increase in assets and increase in liabilities
b Increase in assets and increase in equity
c. Decrease in assets and increase in equity
d. Increase in assets and decrease in equity
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