Describe the effect of the economic events in the reference year on the balance sheet and the profit or loss statement! A business sells goods of a value of 200 th HUF to its domestic partner for 160 th HUF. The payment of the selling price is due 30 days later.

The balance sheet total remains the same.

There is no profit or loss effect.

The profit will decrease by 40 th HUF.

The balance sheet total decreases by 40 th HUF.

The profit will increase by 40 th HUF.

The balance sheet total decreases by 200 th HUF.