The balance in a revenue account at the beginning of an accounting period will always be
A.zero.
B. last period’s ending balance.
C. higher than the previous periods beginning balance.
D. equal to the amount of retained earnings for the previous period.
Answer:A
The balance in a revenue account at the beginning of an accounting period will always be
A.zero. B. last period’s ending balance. C. higher than the previous periods beginning balance. D. equal to the amount of retained earnings for the previous period.