What is accrued revenue?

Question

Accepted Answer

Accrued income refers to earnings that have been earned but not yet received in cash.

Accrued income is recorded as an asset on the balance sheet.
It typically arises from interest, rent, or services provided but not yet billed.
For example, if a company provides consulting services in December but invoices in January, the revenue is accrued in December.
Accrued income is important for matching revenues with expenses in the correct accounting period.

Accepted Answer

Accrued income is an income that has been earned but has not received yet.

Accepted Answer

An income which is earned but not settled in cash immediately. An income postponed to future date is called accured income.

Accepted Answer

Accured income means there is a income earned but not get due. And there is no right to force the other party due in immediately.

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