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Yes. Since revenue accounts are "credit" accounts, they are increased by credit entries and decreased by "debit" entries.
revenue accounts increase by credit
Revenue is always credit as all revenue accounts has credit balance as normal balance and cash received or accounts receivable is debit against it.
yes
Accounts Receivable - Debit Service Revenue - Credit
Yes. Since revenue accounts are "credit" accounts, they are increased by credit entries and decreased by "debit" entries.
revenue accounts increase by credit
Revenue is always credit as all revenue accounts has credit balance as normal balance and cash received or accounts receivable is debit against it.
the debit will be to the accounts receivable because a debit increases it. the offset account in this entry is usually a revenue account. so therefore a credit to revenue.
yes
[Debit] Accounts receivable xxxx [Credit] Sales revenue xxxx
Accounts Receivable - Debit Service Revenue - Credit
[Debit] accounts receivable [Credit] Sales revenue
Debit Accounts receivable / cash Credit Sales revenue
Sales is a revenue account and like all revenue accounts sales also has credit balance as normal balance and cash or accounts receivable are debit against it.
When you have returned damaged goods then you will need to credit accounts receivable and debit accounts payable. This will decrease your revenue for the account.
Debit accounts receivable xxxx credit sales revenue xxxx