A revenue for which the service has been performed but that has not been recorded is an accrued revenue.
Correct Answer:
Verified
Q3: When there is no direct connection between
Q11: Direct cause-and-effect relationships between revenues and costs
Q14: Accrual accounting is an application of the
Q23: Expenses that have been paid for and
Q33: Revenue should be recognized,even when collectibility is
Q34: A deferral is the recognition of an
Q35: The cash basis of accounting is prohibited
Q40: Adjusting entries are useful in apportioning costs
Q42: An adjusted trial balance will probably list
Q56: When a credit sale takes place,
A)a revenue
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents