Accrued revenue represents the revenue that is earned but not yer received. Explanation: Accrued revenue is a current asset for the company as it...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough ...
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The December electricity should be recorded as of December 31 with an accrual adjusting entry that debits Electricity Expense and credits a liability account such as Accrued Expenses Payable. Example of a Revenue Accrual The accrual of revenues or a revenue accrual refers to the reporting of ...
Assets. B. Liabilities. C. Equity. 相关知识点: 试题来源: 解析 A 应计收入(accrued revenue)是指企业已经提供了产品或服务,但现金还没到账的已确认收入,最典型的例子就是以赊销的方式向下游客户出售商品而形成的应收账款,这部分归类为资产。 反馈 收藏 ...
The adjusting entry to record an accrued revenue is:A、Increase an expense; increase a liability. B、Increase an asset; increase revenue. C、Decrease a liability; increase revenue. D、Increase an expense; decrease an asset. E、Increase an expense; decrease a liability.查看...
You can only record accrued expenses when using the accrual basis of accounting. With the cash basis, expenses are recorded only when there’s a cash exchange, rather than when they get made. The main difference between accounts payable and accrued expenses is that AP represents the exact amoun...
A billing meter event summary represents an aggregated view of a customer’s billing meter events within a specified timeframe. It indicates how much usage was accrued by a customer for that period. Endpoints GET/v1/billing/meters/:id/event_summaries Show Credit Grant A credit grant is an ...
The increase in accounts receivable represents an “income increasing” accrual. Nothing is wrong with income-increasing accruals per se. However, a small dose of healthy skepticism will trigger a concern that unscrupulous managers might abuse their discretion. In a real company, there is not just...
A billing meter event summary represents an aggregated view of a customer’s billing meter events within a specified timeframe. It indicates how much usage was accrued by a customer for that period. Endpoints GET/v1/billing/meters/:id/event_summaries Show Credit Grant A credit grant is an ...
In addition to public goods there is another category of goods, called merit goods, that, although they are private goods, generate strong positive externalities when they are consumed. Attributing merit to something has obvious ethical connotations and assumes that individuals are not fully able to...