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

Question

Quizplus · Accepted Answer

Depreciation expense is a cost incurred by the business and therefore would appear in the income statement as a debit. The other accounts listed are revenue or prepaid expenses and would appear in the income statement credit column.

Which of the Following Accounts Would Appear in the Income