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Received $5,000 cash for consultancy services. Which one of the following accounting equation is correct? a. Assets (+5000) = Liabilities + Equities (-5000 revenue) b.

Received $5,000 cash for consultancy services. Which one of the following accounting equation is correct? a. Assets (+5000) = Liabilities + Equities (-5000 revenue) b. Assets (-5000) = Liabilities + Equities (-5000 revenue) c. Assets (-5000) = Liabilities + Equities (+5000 revenue) d. Assets (+5000) = Liabilities + Equities (+5000 revenue)

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