Question

accrued revenues: multiple choice are recorded at the end of an accounting period because cash has already been received for revenues earned. are listed on the balance sheet as liabilities. at the end of one accounting period often result in cash payments in the next period.

Answer 1

Accrued revenues are recorded at the end of an accounting period because cash has already been received for revenues earned. They are not listed on the balance sheet as liabilities, but rather as assets in the form of accounts receivable.

Step-by-step explanation:

Accrued revenues are recorded at the end of an accounting period because cash has already been received for revenues earned.

This means that the revenue has been earned but not yet recognized in the books. For example, if a company provides services to a customer but has not yet received payment, the revenue is still recognized as accrued revenue.

Accrued revenues are not listed on the balance sheet as liabilities. Instead, they are recorded as assets in the form of accounts receivable.

Accrued revenues at the end of one accounting period can often result in cash payments in the next period. This is because the company would eventually collect the cash from the customers for the services provided.

Answer 2

Accrued revenues are recorded c. at the end of one accounting period often result in cash payments in the next period.

What are accrued revenues ?

Accrued revenues represent revenues that have been earned but have not yet been received in cash. They are recognized in the income statement to match revenue with the period in which it was earned, even though the actual cash payment may occur in a subsequent accounting period.

Accrued revenues are not listed as liabilities on the balance sheet; instead, they are recorded as assets because they represent amounts that the company is entitled to receive in the future.