Accrued revenues at the end of one accounting period are expected to result in cash collections in a future period.

Name: Accrued revenues at the end of one accounting period are expected to result in cash collections in a future period.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Accrued revenues represent amounts that have been earned but not yet received in cash. These revenues are expected to be collected in the future, typically in the next accounting period. Therefore, the statement is true.

Accrued Revenues at the End of One Accounting Period Are