Asked by
Azier Sierra
on Oct 28, 2024
Verified
Accrued revenues are revenues that have been earned,but the customer has not yet paid for the goods or services.
Accrued Revenues
Revenues that have been earned (through the delivery of goods or services) but not yet received in cash or recorded.
Goods
Physical items that are produced or purchased for sale by a business.
- Distinguish between accrued revenues and expenses and their effects on financial reports.
Verified Answer
VD
Learning Objectives
- Distinguish between accrued revenues and expenses and their effects on financial reports.
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