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Showing posts with the label Service Revenue Increase With Debit Or Credit

A Debit Is Not The Normal Balance For Which Account

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A Debit Is Not The Normal Balance For Which Account Listed Below: Service Revenue Service Revenue has normal balance on credit side or right side of T-Account . So debit side or left side is not the normal side for the service revenue. A Credit Is The Normal Balance For Which Account? On the credit side or the right side of a t-account, service revenue increases and on debit side or left side of t-account, it decreases as on such side it has negative or unfavorable balance. For example, fees earned means that the business earned the service revenue, so it increases with a credit.