Which of the Following Statements About Revenue Is CORRECT

question 18

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 debit balance.
• B)Revenues decrease owners' equity, so a revenue account's normal balance is a credit balance.
• C)Revenues increase owners' equity, so a revenue account's normal balance is a credit balance.
• D)Revenues decrease owners' equity, so a revenue account's normal balance is a debit balance.

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Definitions:

Prone Position

A body position where one lies flat with the chest down and the back up.

Laxatives

Substances taken to stimulate bowel movements or ease constipation.

Enemas

A medical procedure involving the introduction of liquid into the rectum and lower bowel to relieve constipation or for diagnostic purposes.

Protective Headgear

Equipment worn on the head to minimize the risk of injury, particularly in sports or hazardous work environments.