Question

Select the account classification that matches with the description.

Sales of products or services.
A. Assets
B. Dividends
C. Expenses
D. Liabilities
E. Revenues
F. Stockholder's Equity

Answer 1

E. Revenues

Step-by-step explanation:

The sale of products or services brings about revenue to the business.

The revenue according to the accrual concept is recognized when an entity has performed its obligation of delivering goods or rendering services to its customers.

Sale revenue has the expenses deducted from it in a bid to ascertain the company's profitability or the bottomline