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Genny is a small business owner. On 20 janaury she completes some work for a client on credit and sends the client an in voice
Genny is a small business owner. On 20 janaury she completes some work for a client on credit and sends the client an in voice for $250.On 10 feb the client pays the account and Gennny deposits the $250 into the business bank account.Assuming Genny prepares her financial statements each month the recepits of cash on 10 feb effects the accounting equation of Gennys business in the following says
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