Multiple Choice
Which of the following statements about revenue is CORRECT?
A) Revenues increase owners' equity,so a revenue account's normal balance is a credit balance.
B) Revenues decrease owners' equity,so a revenue account's normal balance is a debit balance.
C) Revenues increase owners' equity,so a revenue account's normal balance is a debit balance.
D) Revenues decrease owners' equity,so a revenue account's normal balance is a credit balance.
Correct Answer:
Verified
Correct Answer:
Verified
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