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Will a credit entry to an account increase the balance of a revenue account?
Wiki User
∙ 11y ago
Yes. Since revenue accounts are "credit" accounts, they are increased by credit entries and decreased by "debit" entries.
Wiki User
∙ 11y ago
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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 sales a credit or debit?
Sales is a revenue account and all revenues has credit balance as default balance so sales also has credit as default balance while cash or accounts receivable will be debited against it.
Does a revenue account normally have a debit balance?
No. A revenue account should always show a credit balance.
Is performed services a credit or debit?
Performed services is a revenue account and revenue account has credit balance as normal default balance so services performed also has credit balance.
Is admission revenue credit or debit in balance sheet?
Credit side of balance sheet.....Revenue is an Owners Equity account therefore has a Credit Balance.
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 sales a credit or debit?
Sales is a revenue account and all revenues has credit balance as default balance so sales also has credit as default balance while cash or accounts receivable will be debited against it.
Does a revenue account normally have a debit balance?
No. A revenue account should always show a credit balance.
Is performed services a credit or debit?
Performed services is a revenue account and revenue account has credit balance as normal default balance so services performed also has credit balance.
Is admission revenue credit or debit in balance sheet?
Credit side of balance sheet.....Revenue is an Owners Equity account therefore has a Credit Balance.
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.
Sales is what type of account?
Sales is a revenue account and has a credit balance as a normal balance.
What is the normal balance of rent revenue?
Rent is a revenue account and like all revenue accounts it has credit balance as normal balance.
Normal Balance of a revenue?
what is the normal balance of a revenue account If your just looking for the term...it's Credit...
What is type of sale?
Sales is a revenue account and has a credit balance as a normal balance.
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 an increase in Capital Stock a credit in the normal balance of an account?
Yes capital stock has credit balance as a normal balance so increase is also has credit balance.
