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...
Sales is a revenue account and has a credit balance as a normal balance.
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.
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...
Sales is a revenue account and has a credit balance as a normal balance.
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.
Sales is a revenue account and has a credit balance as a normal balance.
Revenue accounts have credit balance as a normal balance so credit is the way to increase the revenue account.
Performed services is a revenue account and revenue account has credit balance as normal default balance so services performed also has credit balance.
All revenue accounts has credit balance as a normal balance
Sales discount account has debit balance as it causes the reduction of sales and hence a contra account of sales revenue account.
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.
No. A revenue account should always show a credit balance.
Sales is a revenue account and all revenues has credit balance as default balance so sales also has credit as default balance while cash or accounts receivable will be debited against it.