Question: A hospital bills patients for services provided. What effect does this transaction have on the accounting equation? A. decrease in assets and decrease in fund

A hospital bills patients for services provided. What effect does this transaction have on the accounting equation?

A. decrease in assets and decrease in fund balance.

B. increase in assets and increase in liabilities.

C. no net effect on the account equation (I KNOW THIS IS WRONG)

D. increase in assets and increase in fund balance.

Please explain why

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