Based on the fact that the company received 13,300 currency units from a client, the effect on the accounting equation would be increase in assets and increase in equity.
What is the change in the accounting equation?
The accounting equation is:
Assets = Equity + Liabilities
The 13,300 currency units would count as cash which is an asset so assets will increase by the amount of $13,300.
The same $13,300 will also count as revenue as the company receives it for services rendered so the revenue will increase. Revenue is an equity account so Equity will increase.
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