Revenue accounts increase with a debit and decrease with a credit.

Name: Revenue accounts increase with a debit and decrease with a credit.
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

Revenue accounts increase with a credit and decrease with a debit. This is because revenue represents money earned, and when money is earned, it is typically recorded as credit to the revenue account. When revenue is reduced or adjusted, it is typically recorded as a debit to the revenue account.

Revenue Accounts Increase with a Debit and Decrease with a Credit