Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 23 - No. 48)
What effect does an adjusting entry for accrued revenue have on the income statement?
Increases revenue, decreases expenses.
Increases both revenue and expenses.
Increases revenue.
Decreases revenue.
Explanation
Accrued revenue increases revenue, which in turn increases profit.
Comments (0)
