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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... You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA. MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject.
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