Definition: Accrued Revenue is an asset. It is recorded as a "Current Asset" in the Assets side of the balance sheet because it will give benefit in the near future when the company will receive cash in the near future. Moreover, it is recognized as an "Account Receivable" after the customer is billed by the company for the delivered goods or services until the bill is paid. |
More on accounting and auditing: Accounting Cycle, Accounts Payable, Accounts Receivable, Amortization, Appreciation, more on accounting and auditing... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic. |
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