When revenue is recognized, an income statement account for revenue is credited.Which of the following accounts would not normally be debited?

Name: When revenue is recognized, an income statement account for revenue is credited.Which of the following accounts would not normally be debited?
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Question

Quizplus · Accepted Answer

Capital stock is a financing activity and is not related to revenue recognition. The other accounts listed - cash, accounts receivable, and unearned revenue - may be involved in the revenue recognition process.

When Revenue Is Recognized, an Income Statement Account for Revenue