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The reason that revenue is recorded by a credit entry to a revenue account is: 1.That revenue always involves a debit to the Cash account.2.Explained
The reason that revenue is recorded by a credit entry to a revenue account is:
1.That revenue always involves a debit to the Cash account.2.Explained by the realization principle.3.Explained by the matching principle.4.That revenue increases owners' equity.
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Financial Accounting
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
8th edition
978-1118953907, 9781118953808, 1118953908, 1118953800, 978-1119491057
