If a company earns interest in June but does not receive it until December,this is referred to as an accrued revenue.

Name: If a company earns interest in June but does not receive it until December,this is referred to as an accrued revenue.
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Question

Quizplus · Accepted Answer

Accrued revenue refers to revenue that has been earned but not yet received. In this case, the company has earned the interest in June but has not yet received it until December.

If a Company Earns Interest in June but Does Not