When revenue income outstanding ……………..
A. one would decrease – another would increase.
B. increase in asset – increase in liability.
C. increase in asset – increase in capital.
D. increase in liability – decrease in asset.
Answer:C
When revenue income outstanding ……………..
A. one would decrease – another would increase. B. increase in asset – increase in liability. C. increase in asset – increase in capital. D. increase in liability – decrease in asset.