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What is unbilled revenue? Should it be considered as an income or not & why?

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Question added by Mustafa Khan , Accountant , Saudi Aljabr Talke Co. Ltd.
Date Posted: 2016/03/15
Waseem Shafi
by Waseem Shafi , Senior Accountant , Saudi Bulk Transport Ltd.

It is called Accrued Revenue. (Revenue earned but yet invoice to customer). you may treat is as an income/revenue in your P&L because goods / services are already delivered. 

JL P
by JL P , Assistant Accountant , Al Rawabi Dairy Co. L.L.C.

It is considered as other comprehensive income - outstanding bills to customers.

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