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A revenue account has a normal debit balance.

Haleyharris1

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Posts: 354

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6 years ago

A revenue account has a normal debit balance.

A revenue account has a normal debit balance.
[True or False]

Textbook

Intermediate Accounting

Edition: 1^st

Authors: Gordon, Raedy, Sannella

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Solved Listed below are some accounts.
Solved Cash has a normal balance of $1,100. After collecting $800, the balance in the account is:
Solved When the balance in the Income Summary account is a debit, the company has:
Solved Sales Returns and Allowances is a contra-revenue account with a normal debit balance.
The normal balance of a revenue account is a ________ because revenues increase ________.
Solved The normal balance of an expense account is a ________ while the normal balance of a revenue account ...
Solved The normal balance for any account is always the side of the account (debit or credit) where ...
Solved The normal balance of a liability account is a debit.

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racehlk

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#1

6 years ago

False

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