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Which of the following statements about revenues is correct? Multiple choice question. Revenues cause equity to increase, and they are increased on the left side
Which of the following statements about revenues is correct?
Multiple choice question.
Revenues cause equity to increase, and they are increased on the left side of the accounting equation.
Revenues cause equity to increase, and they are increased on the right side of the accounting equation.
Revenues cause equity to decrease, and they are increased on the right side of the accounting equation.
Revenues cause equity to increase, and they are reported on the left side of the accounting equation.
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Essentials Of Forensic Accounting
Authors: Michael A Crain, William S Hopwood
2nd Edition
1948306441, 978-1948306447
