What are the entries to revenues accounts such as Service Revenues - ProProfs Discuss
Topics
Products
Follow Us:

What are the entries to revenues accounts such as Service Revenues usually called?

This question is part of Fundamentals of Accounting Test Quiz!
Asked by Rsahiwal, Last updated: May 28, 2020

+ Answer
Request
1

5 Answers

aquinorolando

Aquinorolando

Answered Oct 21, 2019

The answer is Credit, not debit.

2
 

yarrahcrispin

Yarrahcrispin

Answered Jan 28, 2020

Debit: Cash or Accounts Receivable Credit entry: Service Revenue

1
 

bcjunk

Bcjunk

Answered Jan 28, 2020

The answer to this question is definitely CREDIT. Think about a cash sale. Your cash will increase, so you debit cash; therefore, your entry on the revenue side MUST be credit. Revenue is also on the right side of the Accounting equation, where it rolls up into Equity. If you are debiting your revenue account, you're doing it wrong.

 

jireahclaudette.bonsol.ac

Jireahclaudette.bonsol.ac

Answered Sep 26, 2019

The entries to revenues accounts such as Service Revenues are usually called debit.

1
 

rsahiwal

Rsahiwal

Answered Jul 22, 2019

Here, the answer is debit.

1
 

Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer

Email Sent
We have sent an email to your address "" with instructions to reset your password.