Accrued revenues
A)Are paid in advance.
B)Are also called unearned revenues.
C)Are listed on the balance sheet as liabilities.
D)At the end of one accounting period often result in cash receipts from customers in the next period.
E)At the end of one accounting period often result in cash payments in the next period.

Question

Quizplus · Accepted Answer

Accrued revenues are revenues that have been earned but not yet received. They are listed on the balance sheet as assets and typically result in cash receipts from customers in the next period. Therefore, option D is the correct answer. The other options are incorrect; A describes prepaid revenues, B describes unearned revenues, and C describes accrued expenses. E describes an example of accrued expenses, not accrued revenues.

Accrued Revenues