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A customer of Slark Ltd paid 5,000 in advance for goods which will be delivered...

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A customer of Slark Ltd paid 5,000 in advance for goods which will be delivered in the future. Based on the Dual Aspect concept, what other entry, apart from an increase in the bank balance, will be required on the Statement of Financial Position of Slark Ltd? In addition to the bank balance increasing by 5,000: Liability will be increased by 5,000 Capital will be increased by 5,000 Liability will be decreased by 5,000 Asset will be decreased by 5,000 search Elt **

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