Accrued revenues are
A) cash received and a liability recorded before services are performed.
B) revenue for services performed and recorded as liabilities before they are received.
C) revenue for services performed but not yet received in cash or recorded.
D) revenue for services performed and already received in cash and recorded.

Question

Quizplus · Accepted Answer

Accrued revenues are revenues that have been earned by a company for services performed but not yet received in cash or recorded. This means that the company has provided the service, but has not yet received payment for it. Therefore, options A, B, and D are incorrect.

Accrued Revenues Are