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: 100% (2 reviews)
An accrued revenue is a revenue that is not record...View the full answer
Answered By
Rinki Devi
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions.
Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students.
I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and helped them achieve great subject knowledge.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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?
-
Which one of the following statements related to investigations of workplace harassment complaints under Ontario's OHSA is true? a) As a rule, such investigations should be completed with 120 days of...
-
1. Describe the problem that a large company such as HP might face in offering many product lines and options. 2. Why is there a possible conflict between marketing and operations? 3. Summarize your...
-
In Problems 25 36, write each complex number in rectangular form. 2 2(cos+ i sin 3 3
-
What advantages are there to using social media sites for informal discovery? How may the information you find help in settling a civil lawsuit?
-
Romero Information Services, Inc., has two service departments: human resources and billing. Romeros operating departments, organized according to the special industry each department serves, are...
-
Current Attempt in Progress The standard cost of Product B manufactured by Sunland Company includes 3.1 units of direct materials at $6.10 per unit. During June, 26,900 units of direct materials are...
-
What contra account is used when recording and reporting the effects of depreciation? Why is it used?
-
Review the consolidated balance sheet of Danier Leather in Appendix II. DANIER, Identify an asset account that requires adjustment before annual financial statements can be prepared. What would be...
-
What role does the stage of development of a country's capital markets have on the direction taken by the country's accounting standards?
-
. expenses in 2017 for 581 Atlantic Avenue. The property was placed in service on October 01, 2017. iv. Other Rental Income and Expenses for 2017 included: Pinebrook Property Rental Income Mortgage...
-
How can organizations foster a culture of purpose and meaning to enhance employee motivation, emphasizing the alignment of individual values and organizational mission, and creating opportunities for...
-
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost per Unit Direct...
-
Jeters Company uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 120 $5 $600 12 Purchases 370 6 2,220 23...
-
1) We viewed most of the documentary "The Corporation" during our course. What were 3 of the most important things you learned or made aware of from the documentary? 2) Influential economists like...
-
A steady-flow boiler is essentially a long, heated, variable-area duct with liquid water coming in at one end and steam coming out at the other end. Water enters at 420 K and 20 MPa and leaves at 880...
-
For Problem estimate the change in y for the given change in x. y = f(x), f'(12) = 30, x increases from 12 to 12.2
-
Memory Lane Company can sell all units of computer memory X and Y that it can produce, but it has limited production capacity. It can produce four units of X per hour or three units of Y per hour,...
-
Kirk Company sells bikes for $600 each. The company currently sells 7,500 bikes per year and could make as many as 10,000 bikes per year. The bikes cost $450 each to make; $300 in variable costs per...
-
Z-Tech mistakenly produced 10,000 defective cell phones. The phones cost $60 each to produce. A salvage company will buy the defective phones as they are for $30 each. It would cost Z-Tech $80 per...
-
Doing a strategic analysis of GraceKennedy Limited, What is the current level of its economic performance, an indication of the factors responsible for the current performance and recommendations for...
-
How would you evaluate Cisco social media marketing success? Outline which, if any, of the mentioned media plans Cisco should pursue. Why? What are the challenges of using social media? Do you have...
-
Office Ltd manufactures furniture for computer work stations. The company uses a job costing system. Manufacturing overhead is applied to production at a predetermined overhead rate of $60 per direct...
Study smarter with the SolutionInn App