Which of the following accounts will be used in equation, if the goods are sold on credit to Mr. Mahmood?    Account Receivable and Owner’s equity   Cash and Account Receivable   Cash account and Owner’s equity   Account Payable and Owner’s Equity

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following accounts will be used in equation, if the goods are sold on credit to Mr. Mahmood? 
 
Account Receivable and Owner’s equity
 
Cash and Account Receivable
 
Cash account and Owner’s equity
 
Account Payable and Owner’s Equity
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