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Accrued revenue is an asset class for goods or services that have been sold or completed but revenue that has not yet been billed to the customer.
Accrued Revenues :
are Revenues Belongs to Period of Recording
so you cannot record it next month
like Accounts Receivables when Sales Occur
Debit / AR
Credit / Sales <<<< its called Accrued Revenue cos sales occur in this day or this period
or Interest Revenue
when you make loan like banks and Receive Interest every month
or Rent Revenue
when you Rent Property for 2 year or many months
First Entry
Debit / Bank
Credit / Deferred Revenue
then every month
Debit / Deferred Revenue
Credit Rent Revenue <<<<<<<<this called Accrued Revenue like Above
Accruals normally prepared at the end of financial year.