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Accrued revenue refers to income that has been earned by a company for services rendered or goods delivered, but for which payment has not yet been received or recorded in cash. It is recognized in the financial statements in accordance with the accrual basis of accounting, meaning revenue is recorded when it is earned, rather than when cash is received. This concept ensures that a company's financial performance is accurately reflected in the period in which the revenue was generated.
What else can I help you with?
Is service revenue an asset or liability?
Services revenue is revenue same as product revenue and it is not an asset or liability of the business.
Gain on sale of land is an asset or revenue?
It's a revenue. However, it's not a "Sales revenue", it's a "Other revenue".
Unearned revenue is a contra revenue account?
Unearned Revenue is a Liability Account
What is the journal entry for prepaid revenue?
prepaid revenue is debited and revenue is credited
Is accrued revenue an asset?
no, its a revenue
Definition of incremental revenue?
Incremental Revenue is the increase of revenue between a new revenue and a previous revenue, thus the formula: Incremental Revenue = New Revenue - Previous Revenue
The judge is not the father of the accused but the accused is the son of the judge?
The judge is the mother of the accused
What part of speech is the word accused?
Accused can be used as a verb and an adjective. Verb: That man has been accused of many heinous crimes. Adjective: He is an accused killer.
What is the meaning of average revenue and marginal revenue?
what is average revenue?
What was Mary queen of Scots accused of?
She was accused of treason!,!,!
What preposition is used with accused?
Someone is accused "of" a crime.
Has a professor accused you of plagiarism?
No, a professor has not accused me of plagiarism.
What does the R stand for in RV accused?
the R in an R.v accused means Regina. meaning the Regina vs the accused
What is the opposite of accused?
The opposite of accused is not accused, which could be cleared or uninvolved. The opposite status could also be exonerated.
What is the punishment for treason and are there restrictions?
the familys of the accused recieve the accused possesions. and it is illegal to harras the family members of the accused
Is service revenue an asset or liability?
Services revenue is revenue same as product revenue and it is not an asset or liability of the business.
What are the rights of accused?
These are rights intended for individuals accused for a crime.
