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WebJul 2, 2024 · Explanation: Revenue accounts are increased by credits because they are an equity account and equity accounts increase by credit. This is because the corresponding entry would be an asset such as cash and as the asset has to increase by being debited, revenue must be increased by credit. Web2 days ago · website maker Mortgage credit availability increased 0.4% in March compared with February, rising to a score of 100.5 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI). Credit availability for conventional loans increased 1.1%, while credit for government loans decreased by 0.2%. Within the … WebDec 11, 2024 · To help you better understand why exactly revenues are credited, consider that a business gets $1,000 for a service that it provides, thus earning that $1,000. The … graphic triangle bras