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11 March, 11:56

Prior to the adjusting process, accrued revenue has:

a. been earned and cash received

b. been earned and not recorded as revenue

c. not been recorded as revenue but cash has been received

d. not been earned but recorded as revenue

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Answers (1)
  1. 11 March, 12:13
    0
    Option B is the correct option.

    Explanation:

    Accrued Revenue are been earned and are not yet received from its customers. So the entry recorded in the accounts is:

    Dr Trade Receivables XX

    Cr Sales Accrued XX

    This clears the question that the amount is not yet received when the revenue is accrued.
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Home » Business » Prior to the adjusting process, accrued revenue has: a. been earned and cash received b. been earned and not recorded as revenue c. not been recorded as revenue but cash has been received d. not been earned but recorded as revenue
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