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Accrued revenues must be reported as ?

A  current assets

B  current liabilities

C  other current assets

D  other current liabilities

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Question added by هيثم ناجى , محاسب اول , الفيوم لصناعة السكر
Date Posted: 2016/01/01
Deleted user
by Deleted user

it will be counted/reported as Liability, it has another name as Deferred Revenue.

Vikas Bachhuka
by Vikas Bachhuka , Sales Manager - Tire, Lubs & Batteries , ALI ALGHANIM & SONS AUTOMOTIVE CO.

Accrued Revenue is an income yet to be received but assured and hence it will appear as Current Assets in Balance sheet.

It will be accounted as Accrued Revenue/Income

Umair Javed
by Umair Javed , Deputy Manager Accounts & payables , Fazal Group Of Companies

Shown In Balance sheet As Current Asset. Income or Revenue not Received.

Accrued Income

                    Income A/C

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