In accrual basis accounting, accrued revenues are recorded as liabilities.

Name: In accrual basis accounting, accrued revenues are recorded as liabilities.
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Accrued revenues in accrual basis accounting are recorded as assets, not liabilities. This is because the revenue has been earned but not yet received, so it essentially becomes an amount owed to the company. This is in contrast to cash basis accounting where revenue is only recorded when it is actually received.

In Accrual Basis Accounting, Accrued Revenues Are Recorded as Liabilities