Are Revenue Accounts Increased / Decreased On The Debit Side Or Credit Side

Revenue Accounts Increased On Which Side Of T Account

Why Revenue Accounts Increased On The Debit Side Of T Account?

As Revenue Accounts or Income Accounts have normal, usual, favorable or positive balance on credit side of T-Account, so it increases on the credit side.

On the other hand, revenue accounts are decreased on the debit side of t-account as it is a negative, unusual or unfavorable for it.

Revenue accounts are increased when the business earned these revenues and are decreased when these are closed to Income Summary Account at the end of the accounting period.

Examples of revenue accounts are Sales, Commission Earned, Fees Received, Rent Received, etc.

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