Revenues and expenses are listed in different columns on the trail balance.

Name: Revenues and expenses are listed in different columns on the trail balance.
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

Revenues and expenses are listed as separate categories and are typically recorded in different columns on the trial balance. The revenue column shows total income from sales or other business activities, while the expense column shows the total cost of goods sold, operating expenses, and other business expenses.

Revenues and Expenses Are Listed in Different Columns on the Trail