Which of the following statements is true of revenues?
A) Revenues decrease equity,so a revenue account's normal balance is a credit balance.
B) Revenues decrease equity,so a revenue account's normal balance is a debit balance.
C) Revenues increase equity,so a revenue account's normal balance is a debit balance.
D) Revenues increase equity,so a revenue account's normal balance is a credit balance.
Correct Answer:
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