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A sales refund will reduce income (debit to Sales Returns) and assets (credit to cash).

A debit to Depreciation Expense and a credit to Accumulated Depreciation will reduce assets and net income.

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Q: What will a decrease a revenue and a decrease in assets?
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Why does non current assets decrease?

Non current assets decrease with depreciation which is due to wear and tear due to usage of that assets in revenue generation.


Is a credit a decrease in assets retained earnings revenue liabilities?

Credit causes the decrease in assets only because assets has debit balance as a normal balance while all other items has credit balance and credit causes the increase in them.


If an adjusting entry is not made for an accrued revenue what will be overstated?

accrued revenue is acc. receivable control, which is an asset. if it is not made, the assets will decrease. Eq=A-L, A drop, and then Eq will decrease. accrued revenue can be category of sales revenue too, so if sales drop, P=I-Ex, P will decrease the only thing will increase is L and Ex when comparing with A P or I.


What will a decrease a revenue and a increase liability?

I can think of nothing that will do that in one transaction. Revenue generally does not effect your liabilities. Revenue is an Owners Equity account and most transactions in revenue effect that, not liabilities. (there is one exception and it is explained later on.)Expenses decrease revenue, which in turn decreases retained earnings which effects owners equity.Dividends Paid decrease retained earnings, which in turns also effects owners equity.The only time any "revenue" has an effect on liabilities is if it is an "unearned" revenue. An unearned revenue is a liability, however, it "increases" your liabilities and increases your assets at the same time. Once the unearned revenue is "earned" it then increases your "revenue" and you decrease your liability.


Would service revenue appear on the balance sheet?

Service revenue will appear on the income statement as a revenue account. It will indirectly effect the balance sheet in that it will be accompanied by an increase in either cash, accounts receivable, unbilled revenue (assets) or a decrease in unearned revenue (liability).


What revenue measures how effectively a firm manages assets to generate revenue?

_____ measure how effectively a firm manages assets to generate revenue.


A credit signifies a decrease in?

a decrease in assets


What is the Revenue to non current assets ratio?

Revenue/Total PPE


What are fiscal assets?

Fiscal assets are the capital revenue for the formulated budget.


Is the decrease in revenue a debit?

Default balance for revenue is credit balance so to reduce a revenue account it must be something with debit balance so debit is a decrease in revenue.


What are assets received for services performed?

Revenue


Are sales assets?

No. Sales are part of Revenue.