The cash balance will increase, the accounts receivables balance will decrease; whereas there will be no effect on the liabilities and OE of the firm.
What are Account Receivables?
The bills which are due, but not yet received by a business organization during a financial period, are recorded in the account receivables section of the assets of the firm's balance sheet.
Account Receivables are recorded as per the accrual basis provided under the norms of the International Accounting Standards.
Hence, the effect of the account receivables is given above.
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