Question
A credit to a revenue account Select one: a.indicates an increase in revenues earned. b.indicates a decrease in revenues earned. c.must be accompanied by a
A credit to a revenue account
Select one:
a.indicates an increase in revenues earned.
b.indicates a decrease in revenues earned.
c.must be accompanied by a debit to an expense account.
d.is an error.
A debit is not the normal balance for which of the following?
Select one:
a.Asset account.
b.Drawing account.
c.Expense account.
d.Liability account.
Which of the following statements is false?
Select one:
a.Revenues increase owner's equity.
b.Revenues have normal credit balances.
c.Revenues are a positive factor in the computation of net income.
d.Revenues are increased by debits.
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