A journal entry to record revenue could include each of the following, except:

Question

Quizplus · Accepted Answer

The entry to record revenue would involve a credit to a revenue account, a debit to Cash (if the revenue is received in cash) or Accounts Receivable (if the revenue is to be received in the future). However, it would not involve a credit to the Share Capital account, which is a separate account that records the capital contributed by the shareholders to the company.

A Journal Entry to Record Revenue Could Include Each of the Following