A revenue account is increased by debits. is decreased by credits. has a normal balance of a debit. is increased by credits.

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02-07-2021
Business

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A revenue account is increased by debits. is decreased by credits. has a normal balance of a debit. is increased by credits.

Sagot :

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Parrainidn Parrainidn · Answer 1 · 2021-07-05T21:20:05-04:00

Answer: is increased by credits

Explanation:

Revenue accounts are increased by credits because they are an equity account and equity accounts increase by credit. This is because the corresponding entry would be an asset such as cash and as the asset has to increase by being debited, revenue must be increased by credit.

Other accounts that are increased by credit include liabilities. Accounts that increase by debits apart from assets include purchases and expenses.

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