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What else can I help you with?
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 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.
Following normally has a credit balance?
Accounts that typically have a credit balance include liabilities, equity, and revenue accounts. For example, accounts payable, long-term debt, and common stock all carry a credit balance, reflecting obligations or ownership interests. Additionally, revenue accounts, such as sales revenue, also maintain a credit balance as they represent income earned by the business. In contrast, asset and expense accounts generally have a debit balance.
Which accounts are closed in the closing entries?
Closing entries close out your temporary or "income statement" accounts, as well as your dividends paid account. All of your revenue accounts increase your retained earnings, expense accounts decrease retained earnings, and dividends paid decrease retained earnings.
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 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.
Is sales a debit balance?
Sales is a revenue account and like all revenue accounts sales also has credit balance as normal balance and cash or accounts receivable are debit against it.
Largest source of revenue for the federal government?
The largest source of revenue for the federal government has been individual income taxes and payroll taxes. These taxes account for 82% of all federal government income.
The federal income tax accounts for nearly 50percent of all federal tax revenues?
TRUE
What accounts for 90 percent of all hypertension?
Essential Hypertension
In what Federal body do all bills concerning taxes revenue originate?
They start in the House.
In what federal body do all bills concerning taxes and revenue originate?
The House of Rep.
What accounts are in net income?
Included in net income are the following: 1. All revenue-related accounts, e.g. Sales, service revenue, interest income, rental income, etc. 2. All expense-related accounts, e.g. Purchases, Depreciation, Rental expense, Maintenance expense, Amortization, Utilities expenses, etc. Net income = Revenues - Expenses
What is the body that accounts for 99.9 percent of all matter in the solar system?
Sun
