Which of the Following Statements Is TRUE of Revenues

question 96

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:

Uncoupling

The process of separating two components that were joined or connected, commonly used in the context of railcars or trailers.

Trailer Parking Brakes

A braking system designed specifically for trailers to prevent them from rolling when parked or during hitching and unhitching operations.

5th Wheel Locks

Mechanical devices designed to secure the fifth wheel coupling on a tractor-trailer, preventing unauthorized detachment of the trailer.

Bowed Upper Coupler

A condition in semi-trailers where the front upper plate, which connects to the tractor, is bent or curved, potentially affecting connection and safety.