Debits to Revenue Accounts Ultimately Result in An)

question 85

Multiple Choice

Debits to revenue accounts ultimately result in an) :

• A)increase in owners' equity and assets.
• B)decrease in owners' equity and assets.
• C)increase in liabilities assets.
• D)decrease in assets and liabilities.

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Definitions:

Collapse

A feature in software that allows users to reduce a section of content or a panel to a smaller size to hide details, often symbolized by a minus (-) icon.

Actions

In the context of software, predefined operations or commands that can be executed by the system, an application, or the user to perform specific tasks.

Macro

A sequence of commands or instructions consolidated into a single command to automate repetitive tasks in software applications.

Submacro

A subdivision of a macro in programming that performs a specific task or function as part of a larger macro, helping to organize complex sequences of actions.