Accrued revenues are
A) received and recorded as liabilities before they are earned.
B) earned and recorded as liabilities before they are received.
C) earned but not yet received or recorded.
D) earned and already received and recorded.

Question

Quizplus · Accepted Answer

Accrued revenues are amounts that a company has earned by providing goods or services, but has not yet received payment for. These are not recorded as liabilities but as assets (receivables) because they represent future cash inflows to the company for services or goods already delivered.

Accrued Revenues Are