In Accounting Equation income earned but not received is recorded as.
A. Increase in Cash and increase in Capital
B. Increase in Cash and increase in Creditors
C. Increase in Capital and increase in Debtors
D. None of Above
Answer:C
In Accounting Equation income earned but not received is recorded as.
A. Increase in Cash and increase in Capital B. Increase in Cash and increase in Creditors C. Increase in Capital and increase in Debtors D. None of Above