Which of the following statements is false?
A) Revenues increase owner's equity.
B) Revenues have normal credit balances.
C) Revenues are a positive factor in the computation of net income.
D) Revenues are increased by debits.

Name: Which of the following statements is false? A) Revenues increase owner's equity. B) Revenues have normal credit balances. C) Revenues are a positive factor in the computation of net income. D) Revenues are increased by debits.
Brand: Quizplus
Rating: 4.8 (23 reviews)

Question

Quizplus · Accepted Answer

Revenues are increased by credits, not debits.

Which of the Following Statements Is False