Which of the following accounts would appear in the Income statement credit column?
A)Prepaid insurance
B)Depreciation expense
C)Service revenue
D)Unearned service revenue

Question

Quizplus · Accepted Answer

Service revenue is an account that represents revenue earned by a company from providing services to customers. As revenue is a component of a company's income, it would appear in the Income statement credit column. The other options- Prepaid insurance is an asset, Depreciation expense is an expense, and Unearned service revenue is a liability do not appear in the Income statement credit column.

Which of the Following Accounts Would Appear in the Income