Accrued revenues
A)represent money received from customers for work to be done later.
B)are revenues that have not been earned before financial statements have been prepared.
C)reflect an increase to an asset and an increase to a revenue account.
D)reflect a decrease to an asset and an increase to a revenue account.

Question

Quizplus · Accepted Answer

Accrued revenues are amounts earned but not yet received, increasing an asset account (for the receivable) and a revenue account, reflecting the earning of revenue before cash is received.

Accrued Revenues