Revenues may be defined as: Select one: Increases in assets from all sources. The amount of capital invested by the owners of a business. The reduction of liabilities previously owed. The increase in equity other than contributions from equity participants.

The for an organization is the cost of financing its activities through debt or equity.

The following relates to the different income components: Employment or loss Business income or loss Property income or loss Capital gain or loss Use the above details to answer questions 11 and 12. What are the most possible sources of income to a business, corporation or trust?   Question 8 options:   a)  i, ii and iii   b)  ii, iii and iv   c)  i and iv   d)  All of the above

Which one of the following normally has a net debit balance? A. Contributed capital that is in shareholders’ equity.   B. Retained earnings that is in shareholders’ equity. C. Dividends that decrease retained earnings Revenues that increase retained earnings.   D. Revenues that increase retained earnings