0
What else can I help you with?
Is Decrease in Unearned Rent Revenue a credit or debit?
Debit
What is the difference between a debit and a credit in accounting?
In accounting, a debit represents an increase in assets or expenses, while a credit represents an increase in liabilities, equity, or revenue.
What is the difference between a debit and credit in accounting?
In accounting, a debit represents an increase in assets or expenses, while a credit represents an increase in liabilities, equity, or revenue.
Can you explain the difference between debit and credit in accounting?
In accounting, debit and credit are two sides of the same transaction. Debit represents money coming into an account, while credit represents money going out of an account. Debits increase assets and expenses, while credits increase liabilities, equity, and revenue.
Bank overdraft is in debit or credit side?
credit side
Is a service revenue a credit or debit?
Service Revenue is credit in nature because it is an income.
Is deferred revenue a debit or credit?
debit
Is Unearned revenue a credit or a debit?
A credit
What would the journal entry be to record an accured revene?
[Debit] Revenue receivable [Credit] Accrued revenue
Is Revenue accounts increase by credit or debit?
revenue accounts increase by credit
Is Decrease in Unearned Rent Revenue a credit or debit?
Debit
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.
Is expense debit or credit?
If revenue (income of money) is a credit, then an expense (outflow of money) is a debit.
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 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.
What is the journal entry collected of the amount billed?
[Debit] Cash xxxx [Credit] revenue xxxx
Is utilities expensive debit or credit?
If revenue (income of money) is a credit, then an expense (outflow of money) is a debit.
