Recording revenue before it is collected is an example of:
A) A prepaid expense transaction.
B) A deferred revenue transaction.
C) An accrued liability transaction.
D) An accrued receivable transaction.

Question

Quizplus · Accepted Answer

Recording revenue before it is collected is an example of an accrued receivable transaction, as it recognizes revenue for goods or services delivered before payment is received, reflecting an amount owed by a customer.

Recording Revenue Before It Is Collected Is an Example Of