Is service revenue a debit or credit
?
submitted by mark

turner

Service revenue is credited because it increases equity through income. When you earn service revenue, you record a credit entry, which shows the inflow of assets or decrease of liabilities associated with the earning process.

Tim

Service revenue is usually a credit. When a business makes money from services, it boosts their income on the books, and revenues are credited to show that increase.

rick

Yeah, service revenue is a credit because it means you've earned money. When you record it, you usually put it on the credit side to show your income went up.