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Which of the following statements is true?
Revenue Accounts
Accounts that track the income generated from normal business operations, including sales revenue, service revenue, and interest revenue.
Credits
Accounting entries that increase liabilities or equity or decrease assets, representing the opposite of debits.
Owner Invests
occurs when the owner of a business contributes assets, commonly in the form of cash or equipment, into the business for its use.
Retained Earnings
The portion of a company's profits that is kept or retained and not paid out as dividends to shareholders, often used for reinvestment.
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