Accrued revenues:
a. At the end of one accounting period result in cash receipts in a future 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

01-02-2020
Business

contestada

Accrued revenues:
a. At the end of one accounting period result in cash receipts in a future 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.

Respuesta :

Otras preguntas

Find the missing probability in the table below. A. 0.25 B. 0.75 C. 0.15 D. 0.85

The department estimates that $6,000 of new manufacturing equipment will need to be purchased and that the cost of construction each desk will be $100. The dep

Which is a memory strategy A: Memorize every fact B: Study alone to avoid distractions C: let information sink in by studying just before tests D: Review infor

Honey bees can acquire a small net charge on the order of 1 pC as they fly through the air and interact with plants. Estimate the magnetic force on a honey bee

The endpoints of the directed line segment AB are A(−7, 4) and B(8, 9). Find the coordinates of point P along line segment AB so that the ratio of AP to PB is 2

Suppose that the emf from a rod moving in a magnetic field was used to supply the current to illuminate a light bulb in a circuit, and the force needed to keep

Which of the following sentences contains an idiom

natural slection is also known as what

Seven caterpillars were lined up in a row. Each caterpillar was 1 2 15 inches in length. How long was the row of caterpillars? Manuel solved the problem below.

the strong fibre is called _____

enyo enyo · Answer 1 · 2020-02-01T18:53:24+01:00

Answer:

A. At the end of one accounting period result in cash receipts in a future period

Explanation:

Revenue is total amount of money firm receives or is entitled to receive, by selling its goods / services, in a period of time.

Revenue can be :

Cash (Actually received): Based on cash transactions.
Accrued (Earned but not received): Based on credit transactions - with Debtors (who owe money to us)

Accrued Revenue i.e Revenue Earned but not received in an accounting period : is an asset in form of debtors of a firm. The firm will get cash receipts from them in a future period.