In Accounting Equation income earned and received in cash is recorded as
A. Increase in Cash and increase in Capital
B. Increase in Cash and increase in Creditors
C. Increase in Cash and increase in Debtors
D. None of Above
Answer:A
In Accounting Equation income earned and received in cash is recorded as
A. Increase in Cash and increase in Capital B. Increase in Cash and increase in Creditors C. Increase in Cash and increase in Debtors D. None of Above