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1 year ago

(05.02 MC)

1 answer:

6 0

The correct option is A. Revenue accounts include the sales accounts after deducting all the expenses from sales accounts a credit balance of $1,415.00 is shown in the revenue and expense account.

What is Revenue Expenditure?

Revenue Expenditure is such expenditure that is incurred during the normal course of business by the company that generally benefits from that expenditure of a year or less than a year.

Given, Sale =$3230

Advertising Expense = $765

Communication Expenses = $150

Rent = $900

Caculation of Income

Income = Sale - Expenses

= $3.230-$765-$150-$900

=$1415.00

Thus, after calculating the Income summary is shown a credit balance of $1415.00

Learn more about Revenue Expenditure here:

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