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What is the normal balance of a revenue called?

Updated: 8/17/2019
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12y ago

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credit

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Q: What is the normal balance of a revenue called?
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What is normal balance of a revenue?

All revenue accounts has credit balance as a normal balance


What is the normal balance of rent revenue?

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Is service revenue a debit or cedit?

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.


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Revenue accounts have credit balance as a normal balance so credit is the way to increase the revenue account.


What type of account is Unearned revenue and what its normal balance?

Unearned revenue is a liability account. It is revenue that is received in one fiscal period despite the fact that revenue is not earned until another fiscal period. Its normal balance is credit.


What is type of sale?

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The normal balance of revenue accounts is a credit?

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Revenue is always credit as all revenue accounts has credit balance as normal balance and cash received or accounts receivable is debit against it.