Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 22 - No. 35)
Which of the following statements is true about the relationship between accrued revenue and accounts receivable?
Accrued revenue increases Accounts Receivable.
Accounts Receivable increases Accrued Revenue.
Accrued revenue decreases Accounts Receivable.
There is no direct relationship between them.
Explanation
When revenue is accrued but not yet received, an account receivable is created.
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