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The usual balance in a Contra-Revenue account is a:
A) CR
B) It depends
C) DR

1 Answer

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Final answer:

The usual balance in a Contra-Revenue account is a credit. Contra-Revenue accounts are used to record sales returns, allowances, and discounts.

Step-by-step explanation:

The usual balance in a Contra-Revenue account is a credit.

Contra-Revenue accounts are used to record sales returns, allowances, and discounts. These accounts have the opposite normal balance as revenue accounts because they decrease the net revenue of a business.

For example, if a customer returns a product and receives a refund, you would record the refund as a credit in the Contra-Revenue account.

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