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Modified Multiple Choice Which of the following slide properties can be specified if you create a custom layout?
Revenues
The income generated from normal business operations and includes discounts and deductions for returned merchandise.
Normal Balance Side
Normal Balance Side is the side (debit or credit) of an accounting ledger on which increases to the account are recorded, depending on the account type.
Double-Entry Accounting
An accounting method requiring every financial transaction to be recorded in two accounts, one debit and one credit, to keep the accounting equation balanced.
Debits
Accounting entries that increase assets or expenses or decrease liabilities, equity, or revenue, recorded on the left side of an account.
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