The primary difference between accrued revenues and unearned revenues is that accrued revenues have:
A)not been recognized as revenue and unearned revenues have been.
B)been received in cash and unearned revenues have not.
C)been recorded as a liability and unearned revenues have not.
D)not been recorded and unearned revenues have.

Question

Quizplus · Accepted Answer

Accrued revenues are revenues that have been earned but not yet recorded or received in cash, while unearned revenues are payments received before the service is performed or goods are delivered, and are recorded as a liability.

The Primary Difference Between Accrued Revenues and Unearned Revenues Is