Accrued Revenues are:

Revenues that have been earned, but not collected

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

When a customer pays in advance for receiving the service

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Revenues that have been recorded

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Revenues that have been collected, but not yet earned

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
Revenues that have been earned, but not collected

Revenues that have been earned, but not collected are called accrued revenues.

Suggest Corrections

Similar questions

Q. Revenue is said to have been earned when ______________.

Q. Revenue is generally recognized when earning process is virtually complete and significant risks and rewards have been exchanged. This is an application of _________ principle.

Q. __________ are costs which have been applied against revenue of particular accounting period.

What would have been Facebook's revenue (in $ million) in its sixth year of operation if the company had matched Google's percentage growth in revenues from the fifth to the sixth year? Choose the option that is nearest to the answer.

Q. ___________ supervises the work of the Patwaris and ensure that records are properly kept and land revenue is collected.

Join BYJU'S Learning Program

Accrued Revenues are:

The correct option is A Revenues that have been earned, but not collected Revenues that have been earned, but not collected are called accrued revenues.

The correct option is A
Revenues that have been earned, but not collected

Revenues that have been earned, but not collected are called accrued revenues.