Receiving Payments on an Account Receivable Increases Both Equity and Assets

question 16

True/False

Receiving payments on an account receivable increases both equity and assets.

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Definitions:

Parasympathetic

The branch of the autonomic nervous system responsible for regulating the body's rest and digest functions, opposing the sympathetic system.

Sympathetic

Part of the autonomic nervous system responsible for the body's "fight or flight" response to stress.

Parasympathetic

Relating to the part of the autonomic nervous system that conserves energy by slowing down the heart rate and increasing intestinal and gland activity.

Somatic

Relating to the body, especially as distinct from the mind.