When no bill has been received by the end of the accounting period for an expense that has been used or consumed it is considered a (n) A : accrued revenue. B : deferred revenue. C : accrued expense. D : deferred expense.

Question

Social Studies

Brennen Oliver

24 July, 20:56

When no bill has been received by the end of the accounting period for an expense that has been used or consumed it is considered a (n) A : accrued revenue. B : deferred revenue. C : accrued expense. D : deferred expense.

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Answers (1)

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Goose · Answer 1

A : accrued revenue.

Explanation:

Are the revenues that have been earned by providing a good or services and for which nor cash has been received and are recorded as receivables on the balance sheets to reflect the amount of the money the business owns