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.