Which of the following is a true statementrevenue accounts, Ask an Expert

Accounting

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.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9955572

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