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Which of the following describes accrued revenue? (Check all that apply) The adjustment causes an increase in an asset account and an increase in a
Which of the following describes accrued revenue? (Check all that apply) The adjustment causes an increase in an asset account and an increase in a revenue Accounts receivable is usually increased when accruing revenues. They refer to revenues that are earned in a period, but have not been received and an Adjustments involve increasing both an expense account and a liability account. They refer to earnings which have been earned but not yet billed
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