Which of the following accounts would appear in the income statement debit column?
A)Unearned Service Revenue
B)Service Revenue
C)Depreciation Expense
D)Prepaid Insurance

Question

Quizplus · Accepted Answer

Depreciation Expense is an expense account and therefore has a debit balance, which appears in the income statement debit column. The other accounts listed are either revenue accounts (which have credit balances and appear in the income statement credit column) or asset accounts (which have debit balances but do not appear in the income statement at all).

Which of the Following Accounts Would Appear in the Income