contestada

Which of the following is an example of accrued revenue?

(A) snow removal services that have been provided but have not been billed or paid
(B) snow removal services that has been provided and paid on the same day
(C) an agreement that has been signed for snow removal services for the next three months
(D) snow removal services that have been paid for three months in advance

Respuesta :

Nyctalus

Answer:  Option A

             

Explanation: In simple words, accrued revenue refers to the revenue that has been accrued by the seller after performing the activity but has not yet been received. It is recorded as a current asset in the balance sheet as the organisation has the right on such income.

Thus, from the above we can conclude that the correct option is A.

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