When a company recognizes revenue on account, the balance in the O accounts receivable account decreases and the balance in the revenue account increases O cash account increases and the balance in accounts receivable account increases cash account decreases and balance in the revenue account increases accounts receivable account increases and balance in the revenue account increases When a company recognizes revenue on account, the balance in the O accounts receivable account decreases and the balance in the revenue account increases O cash account increases and the balance in accounts receivable account increases O cash account decreases and balance in the revenue account increases O accounts receivable account increases and balance in the revenue account increases