contestada

Prior to the adjusting process, accrued revenue has:
a.been earned and cash received
b.been earned and not recorded as revenue
c.not been recorded as revenue but cash has been received
d.not been earned but recorded as revenue

Respuesta :

sadddamkashmiri801

Answer:

Option B is the correct option.

Explanation:

Accrued Revenue are been earned and are not yet received from its customers. So the entry recorded in the accounts is:

Dr Trade Receivables XX

Cr               Sales Accrued  XX

This clears the question that the amount is not yet received when the revenue is accrued.