Rent is a revenue account and like all revenue accounts it has credit balance as normal balance.
what is the normal balance of a revenue account If your just looking for the term...it's Credit...
No, Interest Revenue is income and would normally have a credit balance.
True.
Revenue accounts have credit balance as a normal balance so credit is the way to increase the revenue account.
Rent is a revenue account and like all revenue accounts it has credit balance as normal balance.
what is the normal balance of a revenue account If your just looking for the term...it's Credit...
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.
No, Interest Revenue is income and would normally have a credit balance.
credit
True.
Revenue accounts have credit balance as a normal balance so credit is the way to increase the revenue account.
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.
True.
Sales is a revenue account and has a credit balance as a normal balance.
Revenue is always credit as all revenue accounts has credit balance as normal balance and cash received or accounts receivable is debit against it.
Sales is a revenue account and has a credit balance as a normal balance.