Earning revenue on account:
A)decreases assets.
B)increases liabilities.
C)decreases owner's equity.
D)increases owner's equity.

Name: Earning revenue on account: A)decreases assets. B)increases liabilities. C)decreases owner's equity. D)increases owner's equity.
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Question

Quizplus · Accepted Answer

Earning revenue on account increases owner's equity because it represents income earned by the business, which increases the net worth of the company.

Earning Revenue on Account