Accounting Dictionary
Accrued Revenue
Recording Revenue I’ve earned but haven’t yet collected.
I charge my client $500 a month to do his accounting and bill him quarterly. At the end of one month he owes me $500, but I haven’t gotten a penny because I won’t send the bill until the end of the quarter. I have $500 in accrued revenue.
https://accounting.uworld.com/cpa-review/lc/accounting-dictionary/term/accrued-revenue/
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