Accounting Dictionary - Letter A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Accrued revenue
(also called accrued assets) is revenue earned but not yet received in cash or recorded. Accrued revenue is recognized at the end of an accounting period by posting an adjusting journal entry that impacts asset and revenue accounts. When recorded, accrued revenue is usually shown in the assets section of the balance sheet. Examples of accrued revenue are rent revenue or interest revenue.
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