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Vanyuwa [196]
3 years ago
14

What is the impact on the accounting equation when an accounts receivable is collected?

Business
1 answer:
Alinara [238K]3 years ago
5 0
DONT TRUST THAT LINK! IT IS USED TO STEAL PERSONAL INFORMATION! Report any links people give you.

Answer for your question!

Because one asset increases and another decreases by the same amount, the accounting equation remains unchanged and in balance, suggests Principles of Accounting. For example, if you collect $100 from an account receivable, cash increases by $100 and accounts receivable decreases by $100.
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