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Revenue is income or a credit.
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∙ 10y ago
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Is a service revenue a credit or debit?
Service Revenue is credit in nature because it is an income.
Is deferred revenue a debit or credit?
debit
Is Unearned revenue a credit or a debit?
A credit
What would the journal entry be to record an accured revene?
[Debit] Revenue receivable [Credit] Accrued revenue
Is Revenue accounts increase by credit or debit?
revenue accounts increase by credit
Is Decrease in Unearned Rent Revenue a credit or debit?
Debit
Is revenue a cash or debit?
Revenue is always credit as all revenue accounts has credit balance as normal balance and cash received or accounts receivable is debit against it.
Is the decrease in revenue a debit?
Default balance for revenue is credit balance so to reduce a revenue account it must be something with debit balance so debit is a decrease in revenue.
Is expense debit or credit?
If revenue (income of money) is a credit, then an expense (outflow of money) is a debit.
Is service revenue a debit?
Revenues has credit balance as default balance and as services revenue is also a revenue account it means it should have credit balance as well and not a debit balance.
What is the journal entry collected of the amount billed?
[Debit] Cash xxxx [Credit] revenue xxxx
Is utilities expensive debit or credit?
If revenue (income of money) is a credit, then an expense (outflow of money) is a debit.
