The Reason That Revenue Is Recorded by a Credit Entry

question 13

Multiple Choice

The reason that revenue is recorded by a credit entry to a revenue account is:

• A)That revenue always involves a debit to the Cash account.
• B)Explained by the realization principle.
• C)Explained by the matching principle.
• D)That revenue increases owners' equity.

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Definitions:

Revolving Nosepiece

A rotating component of a microscope that holds multiple objective lenses, allowing the user to switch between different magnification levels.

Ocular Lens

The lens within a microscope or camera that is closest to the eye when someone looks through the device.

Objective Lens

The lens in a microscope that is closest to the specimen, magnifying the image.

Mechanical Stage Control

A feature on microscopes that allows for precise movement of the specimen slide in the horizontal plane, facilitating detailed examination.