An Increase in Revenue Is Recorded with a Credit

question 193

True/False

An increase in revenue is recorded with a credit.

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Definitions:

Cash Dividends

Dividends paid out in the form of cash from a corporation's earnings to its shareholders.

Dividends Paid

Payments made by a corporation to its shareholders, usually derived from the company's profits.

Assets

Economic resources or owned items of value, such as cash, property, equipment, that an individual, company, or country owns or controls with the expectation that it will provide future benefit.

Equity

The value of an ownership interest in property, including shareholders' equity in a corporation.