Multiple Choice
The normal balance of a revenue account is a ________ because revenues increase ________.
A) credit;assets
B) debit;expenses
C) debit;retained earnings
D) credit;retained earnings
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q186: A receptionist worked one month and was
Q187: The financial statements can be prepared from
Q188: A company completed the following transactions during
Q189: On May 1,a business provided legal services
Q190: Andy Company had a cash balance on
Q192: A single-step income statement reports different types
Q193: Indicate whether the account is increased with
Q194: Prepare the journal entry(ies)for the following transactions:<br>May
Q195: A company receives an utility bill and
Q196: If the sum of the credits to