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Is Revenue accounts increase by credit or debit?
revenue accounts increase by credit
Are revenue accounts increased by credits?
Revenue accounts have credit balance as a normal balance so credit is the way to increase the revenue account.
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.
What will the journal entry of accounts recievable?
debit accounts receivablecredit sales revenue
Increase in revenue accounts are debits?
yes
Is Revenue accounts increase by credit or debit?
revenue accounts increase by credit
Are revenue accounts increased by credits?
Revenue accounts have credit balance as a normal balance so credit is the way to increase the revenue account.
Is service revenue a revenue account?
Yes, it is, but accounts receivable is not.
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.
What is the last one time settlement scheme of RBI for NPA Accounts of Banks?
The last one time settlement scheme of RBI for NPA accounts of banks is where they will ask you to pay a certain amount. If you do pay that said amount the bank will not be able to go after you for the rest of the funds that you would have owed, if you did not take the settlement.
Are revenue and expense accounts real accounts?
No real accounts are for business possessions like assets and stock revenue and expense items are recorded in the nominal also named the general ledger. Personal accounts are for debtors and creditors accounts.
What will the journal entry of accounts recievable?
debit accounts receivablecredit sales revenue
Increase in revenue accounts are debits?
yes
What is normal balance of a revenue?
All revenue accounts has credit balance as a normal balance
What is npa ratio?
net npa ratio
How do you explain accounts receivable in a journal entry?
Debit accounts receivableCredit sales revenue
What are head of accounts?
There are Five heads of Accounts: Asset, Expense, Liability, Capital, Revenue.
