when is revenue debited? when it decreases when it increases never
when is revenue debited? when it decreases when it increases never
Answer
Brief Explanations:
In accounting (a sub - field of Business), revenue is a temporary equity account. According to the rules of debit and credit, when revenue decreases (for example, due to sales returns or allowances), we debit the revenue account. When revenue increases, we credit the revenue account.
Answer:
when it decreases