What is the EFFECT on accounting equation for the transaction "Commission Received OMR 100"? a. Decrease Cash, Decrease Commission O b. Increase Creditor, Increase Commission O c. Increase Cash, Increase Commission O d. Decrease Cash, Increase Commission

What is the EFFECT on accounting equation for the transaction "Commission Received OMR 100"? a. Decrease Cash, Decrease Commission O b. Increase Creditor, Increase Commission O c. Increase Cash, Increase Commission O d. Decrease Cash, Increase Commission

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 26MC: What is the impact on the accounting equation when an accounts receivable is collected? A. both...

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Question

What is the EFFECT on accounting equation for the transaction "Commission Received OMR 100"?
a. Decrease Cash, Decrease Commission
O b. Increase Creditor, Increase Commission
O c. Increase Cash, Increase Commission
O d. Decrease Cash, Increase Commission

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