Question
When communicating the idea of accrued revenues: You would research those transactions that were sold at the end of one accounting period but cash will
When communicating the idea of accrued revenues: You would research those transactions that were sold at the end of one accounting period but cash will be received in a future period. 0 You would research the bills that were paid to vendors in the current accounting period and combine them with the bills paid in the prior accounting period to determine the amount of the accrued revenue You would explain to your staff that revenue is the same as cash and research all of the cash entries 0 You would tell your staff to research when cash is paid for outstanding bills
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