Accrued revenues
A) Are paid in advance
B) At the end of one accounting period often result in cash receipts from customers in the next period
C) At the end of one accounting period often result in cash payments in the next period
D) Are also called unearned revenues
E) Are listed on the balance sheet as liabilities

Question

Quizplus · Accepted Answer

Accrued revenues are revenues that have been earned but not yet received in cash or recorded. At the end of one accounting period, these accrued revenues often result in cash receipts from customers in the next accounting period. Therefore, the best choice is B.

Accrued Revenues