A business earned revenue of OMR 6,000 by performing a service to a customer for cash. Which
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Question:
A business earned revenue of OMR 6,000 by performing a service to a customer for cash. Which of the following options is correct about the effect of this transaction?
a.
Decrease in cash OMR 6,000 and decrease in equity OMR 6,000
b.
Decrease in accounts receivable OMR 6,000 and decrease in equity OMR 6,000
c.
Increase in accounts receivable OMR 6,000 and increase in equity OMR 6,000
d.
Increase in cash OMR 6,000 and increase in equity OMR 6,000
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