Question: Commission was earned that will be received in two months' time. The effect on the accounting equation in the period the commission was earned is

 Commission was earned that will be received in two months' time.

Commission was earned that will be received in two months' time. The effect on the accounting equation in the period the commission was earned is that: Select one: a. an asset decreased and a liability decreased. O b. an asset increased and a liability increased. c. an asset increased and revenue increased. O d. a liability increased and another liability decreased

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