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The Normal Balance of a Revenue Account Is a Credit

question 163

True/False

The normal balance of a revenue account is a credit.


Definitions:

Hypotheses

Possible explanations for phenomena, used to predict the outcome of research.

Theory

Coherent set of logically related concepts that seeks to organize, explain, and predict data.

Research

A systematic investigation and study of materials and sources in order to establish facts and reach new conclusions.

Data

Information that is collected and analyzed for reference or analysis.

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