Which of the following is a true statementrevenue accounts

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Which of the following is a true statement?


Revenue accounts are a subset of assets, and expense accounts are a subset of liabilities.

Both revenue accounts and expense accounts are subsets of contributed capital.

Both revenue accounts and expense accounts are subsets of retained earnings.

Revenue accounts are a subset of cash, and expense accounts are a subset of accounts payable.

 

Reference no: EM13577995

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