Revenues normally carry a _______ balance and are shown in the ______________.

Question

Quizplus · Accepted Answer

Revenues are normally credited and are shown in the income statement as they represent inflows of economic resources. Option A is incorrect because debit balance is usually associated with assets and expenses, not revenues. Option C is incorrect because while revenues do contribute to the overall credit balance of the balance sheet, they are not directly shown in it.

Revenues Normally Carry a _______ Balance and Are Shown in the ______________

Revenues Normally Carry a _ Balance and Are Shown in the ________