Earning revenue

A) increases assets, increases owner's equity
B) increases assets, decreases owner's equity
C) increases one asset, decreases another asset
D) decreases assets, increases liabilities

Revenue

The total income generated from normal business operations, including the sale of goods and services before any expenses are deducted.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the owner's claim on the company's assets.

Assets

Resources owned by a business or individual with economic value or future benefits.