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:

Social Barriers

Obstacles that prevent individuals or groups from accessing resources, opportunities, or social acceptance, often based on discrimination or bias.

Primary Labor Market

Segments of the labor market characterized by high wages, good benefits, job security, and working conditions, often requiring higher education or specialized skills.

Deskilling Thesis

The argument that technology and organizational changes reduce the need for skilled labor by simplifying tasks.

Criticisms

The analysis and judgment of the merits and faults of a literary or artistic work, concept, or idea.