Question: Please give me its correct answer with explaination The new bookkeeper forgot to record the collection of an accounts receivable from a customer. What impact

Please give me its correct answer with explaination

The new bookkeeper forgot to record the collection of an accounts receivable from a customer. What impact does this have on the companys books?

No effect on total assets

Cash is understated/the Income Statement is understated

Cash is overstated/the Income Statement is overstated

Cash is overstated/liabilities are understated

Cash is overstated/liabilities are overstated

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