Revenue accounts are increased by credits.

Revenue Accounts

Accounts that track the income generated from normal business operations, including sales revenue, service revenue, and interest revenue.

Credits

Accounting entries that increase liabilities or equity or decrease assets, representing the opposite of debits.

Acquire knowledge about the various classifications of accounts (assets, liabilities, equity) and their typical balances.

Verified Answer

Final Answer :

True

Explanation :

Revenue accounts are credited to increase their balance.

Learning Objectives

Acquire knowledge about the various classifications of accounts (assets, liabilities, equity) and their typical balances.