Accrued revenues:
A) At the end of one accounting period often result in cash receipts from customers in the next period.
B) At the end of one accounting period often result in cash payments in the next period.
C) Are also called unearned revenues.
D) Are listed on the balance sheet as liabilities.
E) Are recorded at the end of an accounting period because cash has already been received for revenues earned.

Question

Quizplus · Accepted Answer

Accrued revenues are revenues that have been earned but not yet received in cash. They are recorded at the end of one accounting period even though the cash will not be received until the next accounting period. Therefore, accrued revenues at the end of one accounting period often result in cash receipts from customers in the next period.

Accrued Revenues