How is adjusting entry for accrued revenue is done?

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Adjusting Entries - Quiz?
Posted by:
saqib khan
15-February-2014

Managed Accounts Accounts Payable

Question added by yusuf neemuchwala , Accountant , A&S International FZC
Date Posted: 2016/01/06

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by Jithy Bijeesh , Senior Finance and Accounts Executive , EXL-SERVICE HOLDINGS , INC

Accrued Revenue means revenue which has been earned by the business during this FY but not yet due and has not been received. Adjusting entry of such revenue is:

Accrued Revenue Alc Dr

to Revenue Alc

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