Financial accounting Flashcards
1
Q
Accrued revenue
A
Accrued revenue = receivable account = asset
2
Q
Accrued expenses
A
Accrued expenses = is an expense due but not yet paid or invoiced fore.
Accrued revenue
Accrued revenue = receivable account = asset
Accrued expenses
Accrued expenses = is an expense due but not yet paid or invoiced fore.