Which of the Following Statements About Revenue Is CORRECT

question 61

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

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Definitions:

Genes

Units of heredity made up of DNA that act as instructions to make molecules called proteins, impacting an organism's development and functioning.

Environmental Events

Occurrences or incidents in the natural world that can influence behavior and mental processes.

Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, worry, and sadness, considered one of the five major traits in the study of personality.

Extraversion

A personality trait characterized by energy, positive emotions, and the tendency to seek stimulation in the company of others.