menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Study Set 26
  4. Exam
    Exam 2: Recording Business Transactions
  5. Question
    Credits to Revenue Accounts Ultimately Result In
Solved

Credits to Revenue Accounts Ultimately Result In

Question 37

Question 37

Multiple Choice

Credits to revenue accounts ultimately result in:


A) an increase in owners' equity
B) an increase in liabilities
C) a decrease in owners' equity
D) a decrease in assets

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q33: This summarizes all the account balances for

Q34: Total debits must always equal total credits

Q35: Purchasing a three-year insurance policy for cash

Q36: The accounting transaction to record payment of

Q38: The trial balance is the starting point

Q39: A trial balance is:<br>A) a list of

Q40: An expense account is known as a

Q41: Receiving cash from a customer on account

Q42: A balance sheet is a required financial

Q133: An accounts receivable represents the promise of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines