When no bill has been received by the end of the accounting period for an expense that has been used or consumed it is considered a (n) A : accrued revenue. B : deferred revenue. C : accrued expense. D : deferred expense.

Question

Adrienne Gill

Social Studies

18 May, 08:04

When no bill has been received by the end of the accounting period for an expense that has been used or consumed it is considered a (n) A : accrued revenue. B : deferred revenue. C : accrued expense. D : deferred expense.

+3

Answers (1)

Know the Answer?

Mila Cooke · Answer 1

A : accrued revenue.

Explanation:

Are the revenues that have been earned by providing a good or services and for which nor cash has been received and are recorded as receivables on the balance sheets to reflect the amount of the money the business owns