Question

Accrued revenues: Multiple Choice At the end of one accounting period result in cash receipts in a future period. At the end of one accounting period often result in cash payments in the next period. Are also called unearned revenues. Are listed on the balance sheet as liabilities. Are recorded at the end of an accounting period because cash has already been received for revenues earned.

Answer 1

Answer:

At the end of one accounting period result in cash receipts in a future period.

Explanation:

Accrued revenues is money owed by customers for goods bought or services purchased.

Accrued revenue is recorded as an asset on the balance sheet as receivables.

For example, if a customer buys a dress and is yet to pay for the dress. the amount the customer is supposed to pay is recorded as an accrued revenue at the end of the accounting period

Unearned revenue is money received by a company for services that are yet to be rendered.