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:

Mental Abilities

Capacities for cognitive functions such as reasoning, problem-solving, and learning.

Babbling

Early stage of language development in infants characterized by the production of sounds or syllables repeated over and over, not yet forming recognizable words.

Schemes

Cognitive structures or patterns of action and thought used to deal with experiences, fundamental in the development of intelligence according to Piaget.

Receptive Vocabulary

The words a person can understand when heard or read, even if they cannot actively use them in speech or writing.