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Which is not considered to be a revenue account

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Reference no: EM132742350

Problem 1: Which of the following is not considered to be a revenue account?

a) Rental revenue

b) Fees earned

c) Royalties

d) Drawings

Problem 1: What is the best meaning for a chart of accounts?

a) a list of the ledger accounts and their numbers arranged in ledger order.

b) a chart demonstrating the net income or net loss of the company.

c) a chart showing the accounts affected by financial transactions.

d) a table resembling the equation analysis sheet.

Reference no: EM132742350

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