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Question added by Syed umer imam cashier Majid Al futtaim
9 years ago
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Question added by FATEH BOUCHENE institut d'emission banque centrale d'algerie
7 years ago
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Badar Khan's image  
Answer added by  Badar Khan, Accounts cum administrative assistant, Al Qassimia Drivng Training Centre.Sharjah
9 years ago

whenever revenue  increases it is credited

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Answer added by  Deleted user
9 years ago

BECAUSE REVENUE INCREASE OWNER EQUITY THAT IS WHY IT IS CREDIT

Deepak Walia's image  
Answer added by  Deepak Walia, Commercial Manager, Biosafe Lab India P Ltd.
9 years ago

There r two types only one is for debit means from whom we need to get or collect back, another side is credit means already collect in shape of liability, accounts, invo ... See More

Muhammad Afaq's image  
Answer added by  Muhammad Afaq, SENIOR FINANCIAL ACCOUNTANT, United Eddy Company (United Yousef M. Naghi Group)
9 years ago

As all forms of liabilities are being booked as credit. So Revenues or sales is also a liability as containing profit element in it, and that profit is liability of the c ... See More

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Answer added by  Deleted user
9 years ago

In bookkeeping, revenues are credits because revenues cause owner's equity or stockholders' equityto increase.Recall that the accounting equation, Assets = Liab ... See More

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Answer added by  Aqid Hussain, Internee, State Bank of Pakistan - Banking Services Corporation
9 years ago

All the incomes generated by the business are credited upon realization. Furthermore, owing to the separate owner entity, the incomes realized held the business liable to ... See More