A Revenue Account Normally Has a Debit Balance

question 122

True/False

A revenue account normally has a debit balance.

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Definitions:

Diploid

An organism or cell with two sets of chromosomes, one from each parent, typical of most animals and plants, symbolized as 2n.

Slime Molds

Eukaryotic organisms that exhibit traits of fungi and protozoa, often found in moist, decaying forest matter.

Septate Hyphae

Hyphae with cross-walls or septa that divide the filamentous structures into separate cell-like compartments, common in many fungi.

Mycelium

Tangled mass of hyphal filaments composing the vegetative body of a fungus.