Asked by
Shira Bareket
on Oct 14, 2024Verified
Revenues are:
A) Increased with debits and decreased with credits.
B) Increased and decreased with credits.
C) Increased and decreased with debits.
D) Increased with credits and decreased with debits.
Revenues
The total amount of income generated by the sale of goods or services related to a company's primary operations.
Debits
Accounting entries that increase asset or expense accounts, or decrease liability or equity accounts, on the left side of a general ledger.
Credits
Accounting entries that increase liability, revenue, or equity accounts and decrease asset or expense accounts.
- Comprehend the fundamentals of debits and credits within the realm of accounting.
Verified Answer
NS
Learning Objectives
- Comprehend the fundamentals of debits and credits within the realm of accounting.