Which of the Following Statements Is True of Revenues

question 108

Multiple Choice

Which of the following statements is true of revenues?

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

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Definitions:

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