the normal balance of a revenue account is a ________ because revenues increase ________. a. credit; assets…
the normal balance of a revenue account is a ________ because revenues increase ________. a. credit; assets b. debit; retained earnings c. credit; retained earnings d. debit; expenses
Answer
Brief Explanations:
Revenue accounts have a normal credit balance. Revenues increase retained earnings. When revenues are earned, they are credited, and they contribute to the growth of retained earnings which is an equity - related account.
Answer:
C. credit; retained earnings