The Normal Balance of a Revenue Account Is a __________

question 89

Multiple Choice

The normal balance of a revenue account is a __________ because revenues increase __________.

• A)debit, assets
• B)debit, expenses
• C)debit, stockholders' equity
• D)credit, stockholders' equity

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Definitions:

Franchisee

An individual or entity that purchases the right to operate a business under the franchisor's brand name and business model.

Franchisor

A business entity that grants the right to an individual or group to carry out commercial activities using its brand and model.

Potential Liability

The possibility of incurring legal obligations or debts in the future as a result of current actions, decisions, or circumstances.

Degree of Control

The extent of influence or authority an entity has over its operations, processes, or decisions.