The most common revenue account is:
A)cash.
B)sales.
C)shareholders' equity.
D)liabilities.

Question

Quizplus · Accepted Answer

Sales revenue is the most common revenue account because it represents the amount of money earned by a company through the sale of its goods or services. Cash is not a revenue account, but rather an asset account. Shareholders' equity and liabilities are not revenue accounts, but rather accounts that represent the ownership and financing of a company, respectively.

The Most Common Revenue Account Is