Which of the following is an example of accrued revenue?
A) Swimming pool cleaning that has been paid for three months in advance.
B) Swimming pool cleaning that has been provided but has not been billed or paid.
C) An agreement has been signed for swimming pool cleaning for the next three months.
D) Swimming pool cleaning that has been provided and paid on the same day.

Question

Quizplus · Accepted Answer

Accrued revenue refers to revenue that has been earned but not yet received or billed. Option B describes a scenario where swimming pool cleaning services have been provided but not yet billed or paid, making it an example of accrued revenue. The other options describe either prepaid revenue (A), future revenue (C), or regular revenue (D).

Which of the Following Is an Example of Accrued Revenue