When revenue is earned from charge-account sales,the accountant
A) debits a revenue account and credits the capital account.
B) debits Accounts Receivable and credits a revenue account.
C) debits a revenue account and credits Accounts Receivable.
D) debits Cash and credits a revenue account.

Question

Quizplus · Accepted Answer

When revenue is earned from charge-account sales, the accountant debits Accounts Receivable (to record the increase in the amount owed by customers) and credits a revenue account (to record the increase in revenue).

When Revenue Is Earned from Charge-Account Sales,the Accountant