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.

---

Definitions:

Program Evaluation

A systematic method for collecting, analyzing, and using information to answer questions about projects, policies, and programs, particularly about their effectiveness and efficiency.

Data Collected

Information that has been gathered through observation, experimentation, surveys, or other methods, used for analysis and decision-making.

Clinical Judgment

The process by which healthcare professionals make decisions based on evidence, patient observations, and experience.

Stakeholders Engagement

The process of involving individuals, groups, or organizations who may be affected by or have an interest in a particular project or issue, ensuring their perspectives are considered.