For the following transaction, identify the type of change that would have occurred in the accounting equation: Assets = Liabilities + Share capital + Opening retained profits + Revenue - Expenses - Dividends
At the end of the accounting period, three months' interest is owing to the company from the bank on a term deposit with the bank.
A) An asset decreases and a liability decreases.
B) An asset increases and revenue increases.
C) An asset increases and another asset decreases.
D) None of the above
Correct Answer:
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