The account in which the revenue earned from the sale of merchandise is entered is:

Question

Quizplus · Accepted Answer

The revenue earned from the sale of merchandise is entered into the Sales account. This account is used to record the amount of revenue generated by the business through the sale of goods or services. The Sales account is a temporary account, which means that it is closed at the end of each accounting period and its balance is transferred to the Retained Earnings account.

The Account in Which the Revenue Earned from the Sale