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Performed services worth 10.000, 3000 cash is received from customers and the balance 7000 is billed to customers on account, the effect of accounting equation
Performed services worth 10.000, 3000 cash is received from customers and the balance 7000 is billed to customers on account, the effect of accounting equation will be as Increase the two accounts in assets and increase one account in owner equity Increase the two accounts in assets and decrease one account in habilities O Increase the one account in assets and decrease two accounts in owner equity Decrease the assets and and decrease owner equity
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