All revenue accounts has credit balance as a normal balance
Rent is a revenue account and like all revenue accounts it has credit balance as normal balance.
what is the normal balance of a revenue account If your just looking for the term...it's Credit...
Revenue accounts have credit balance as a normal balance so credit is the way to increase the revenue account.
True.
All revenue accounts has credit balance as a normal balance
Rent is a revenue account and like all revenue accounts it has credit balance as normal balance.
what is the normal balance of a revenue account If your just looking for the term...it's Credit...
Services revenue is also a revenue and like all revenue accounts which have credit balance as normal balance, services revenue also has a credit balance.
credit
Revenue accounts have credit balance as a normal balance so credit is the way to increase the revenue account.
Sales revenue has a credit balance as a normal balance so product sales also has credit balance as normal balance.
True.
No, Interest Revenue is income and would normally have a credit balance.
Revenue is always credit as all revenue accounts has credit balance as normal balance and cash received or accounts receivable is debit against it.
Performed services is a revenue account and revenue account has credit balance as normal default balance so services performed also has credit balance.
Sales is a revenue account and has a credit balance as a normal balance.