What is the effect on the accounting equation when accounts receivable are collected?

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Assets increase in one area while decreasing in anotherAssets rise and liabilities fallAssets grow alongside owner's equityAssets and cash both increaseNo impact

Explanation

When accounts receivable are collected, cash (an asset) increases, while accounts receivable (another asset) decreases by the same amount. This results in an increase and decrease within assets, leaving the overall asset total unchanged.