Question: An entity has provided services to a customer totalling $30,000. The services were provided to the customer on credit, with payments expected in 14

An entity has provided services to a customer totalling $30,000. The services

An entity has provided services to a customer totalling $30,000. The services were provided to the customer on credit, with payments expected in 14 days. Please advise the entity how to treat this $30,000 on the actual service provided, according to the definition of an element under the conceptual framework. Definition An increase in assets or a decrease in liabilities Result in an increase equity Exclude owner's contributions of equity Conclusion Y/N Justification

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