In transaction analysis,revenues and expenses that arise in different transactions are recorded in the ________ column of the accounting equation.
A)Cash
B)Common Stock
C)Dividends
D)Retained Earnings

Question

Quizplus · Accepted Answer

Revenues and expenses are recorded in the Retained Earnings column of the accounting equation. This is because revenues increase Retained Earnings, while expenses decrease it.

In Transaction Analysis,revenues and Expenses That Arise in Different Transactions