A credit that is realized through an entity's ordinary activities would be treated as
A)gain
B)revenue
C)income
D)none of these

Question

Quizplus · Accepted Answer

A credit that is realized through an entity's ordinary activities would be treated as revenue. Revenue is the income that a company earns from its ordinary business activities, such as sales of goods or services, and is recognized when it is earned, regardless of whether the payment for that revenue has been received or not. Therefore, option B - revenue is the best choice for this question.

A Credit That Is Realized Through an Entity's Ordinary Activities