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Financial recognition
Understanding Accrued Revenue in Accounting
December 11, 2023
Can you explain the concept of accrued revenue?
Accrued revenue refers to income earned but not yet received in cash or recorded. It occurs when services are performed or goods are delivered, leading to revenue recognition even if payment hasn't been received, aligning with the accrual accounting principle.
Tags : Accrued Revenue , Financial Recognition , Revenue Accrual