Which of the Following Statements Is True of Revenue

question 1

Multiple Choice

Which of the following statements is true of revenue?

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

---

Definitions:

Mortgage Payment

A regular payment made towards a mortgage loan, typically including both principal and interest components.

Apothem

A line segment that goes through the center of a polygon that is perpendicular to a side.

Octagon

A geometric figure with eight sides and eight angles.

Gazebo

A freestanding open structure, often found in gardens and parks, used for relaxation or entertainment.