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what is the normal balance of a revenue account
If your just looking for the term...it's Credit...
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∙ 11y ago
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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?
Rent is a revenue account and like all revenue accounts it has credit balance as normal balance.
Does interest revenue have a normal debit balance?
No, Interest Revenue is income and would normally have a credit balance.
Is Normal balance of revenue is a credit?
True.
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.
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?
Rent is a revenue account and like all revenue accounts it has credit balance as normal balance.
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.
Does interest revenue have a normal debit balance?
No, Interest Revenue is income and would normally have a credit balance.
What is the normal balance of a revenue called?
credit
Is Normal balance of revenue is a credit?
True.
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.
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.
The normal balance of revenue accounts is a credit?
True.
What is type of sale?
Sales is a revenue account and has a credit balance as a normal balance.
Sales is what type of account?
Sales is a revenue account and has a credit balance as a normal balance.
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.
