Account receivables are examples of

Sold Equipment to customer for $500 on account. What accounts are affected?

Account receivables increase by debit

Account payables decrease by credit

Asset increases by debit

Asset is on the left side of the accounting equation and it increases by

Debit what comes in an credit what...

Amount owe by business is liabilities

Resources of economic value used for business operations is called

Owner's equity increases by debit

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