Accounting Dictionary
Earned
Reporting revenue on your Income Statement because you completed all the required work.
If John reroofed Mary’s house and sent her a bill of $10,000, he would record $10,000 in revenue. Even though Mary hasn’t paid, John would record the revenue because he did his part: he finished the roof. The money was earned.
https://accounting.uworld.com/cpa-review/lc/accounting-dictionary/term/earned/
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