Which of the following is true of 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 refer to revenues that have been earned but not yet received or recorded. Therefore, at the end of the accounting period, the company will recognize these revenues as accounts receivables on the balance sheet, and the cash receipt will likely occur in the next accounting period when the customer pays.

Which of the Following Is True of Accrued Revenues