What is an accrued revenue? Give an example.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 45% (11 reviews)
Accrued revenue is revenue that is earned but is not yet received in cash ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Question Posted:
Students also viewed these Accounting questions
-
What is an accrued revenue? Give an example.
-
What is an accrued liability? What is a provision? Distinguish among an accrued liability, provision, and accounts payable? Under what circumstances are accrued liabilities and provisions required?
-
Why is an accrued revenue an asset? Provide two examples of accrued revenues. Why are adjusting entries generally required at the end of an accounting period for accrued revenues?
-
Find the eccentricity of the hyperbola. Then find and graph the hyperbolas foci and directrices. x 2 - y 2 = 1
-
1. A building owned by Hopewell Company was recently valued at $850,000 by a real estate expert. The president of the company is questioning the accuracy of the firm's latest balance sheet because it...
-
The financial statements of Wetaskiwin Ltd., a private company reporting under ASPE, follow: Additional information: 1. Short-term notes receivable are loans to other companies. During the year, the...
-
The following transactions relate to one lease: a. On March 10, 2017, Axis Petroleum paid delinquent property taxes of $2,000 on an undeveloped lease. Assume that these taxes are recoverable out of...
-
Compare the Acceleration and Containment strategies for supporting user computing, and provide a rationale for why a firm might choose one or the other.
-
Marshall Tucker Enterprises is considering an investment in a production equipment upgrade. The cost is expected to be $700,000. The IRS depreciation life is 7 years but the firm expects to sell the...
-
The Wallace Stationary Company purchases paper from the Seaboard Paper Company. Wallace produces stationary that require 1,415,000 sq. yards of stationary per year. The cost per order for the company...
-
Apple has unearned revenue. What is unearned revenue and where is it reported in financial statements?
-
If a company initially records prepaid expenses with debits to expense accounts, what type of account is debited in the adjusting entries for those prepaid expenses?
-
Let x[n] and X(e j ) represent a sequence and its Fourier transform, respectively. Determine in terms of X(e j ), the transforms of y s [n], y d [n], and y e [n] In each case, sketch y(e j ) for X(e...
-
Find a recent article on cash flow in a business magazine or on the Internet. What recommendations are made to improve cash flow?
-
What are the advantages and disadvantages of equity compensation methods?
-
A privately held business has the same EBITDA as a publicly traded one. It is assumed that the liquidity discount is 25 percent. What theoretically should be the value of the privately held business...
-
Interview a local entrepreneur. How does the entrepreneur manage cash? Has the company ever run out of cash? What did the entrepreneur do?
-
Why is it critical to examine overhead expenses carefully in a new business venture with limited resources?
-
Refer to the drying oil process in Appendix B. The following problems were encountered after the drying oil facility was started up in early August. a. Pump P-501 A/B has been noisy since start-up,...
-
Discrete sample spaces: suppose there are N cable cars in San Francisco, numbered sequentially from 1 to N. You see a cable car at random; it is numbered 203. You wish to estimate N. (See Goodman,...
-
Discuss examples of partnerships or coalitions of which you are aware and highlight their role in advancing public health or organizational goals.
-
How do an income statement and a balance sheet for a manufacturing company and a merchandising company differ?
-
Besides inventories, what other assets often appear on manufacturers balance sheets but not on merchandisers balance sheets?
-
Why does a manufacturing company require three different inventory categories?
-
Cost of Production Report Hana Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Department. From the Roasting Department, coffee beans are...
-
More info 1. Suppose you invest a sum of $2,000 in an interest-bearing account at the rate of 10% per year. What will the investment be worth six years from now? 2. How much would you need to invest...
-
Schriever Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses...
Study smarter with the SolutionInn App