accrued revenue Definition | Business Dictionaries from AllBusiness.com

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Business Definition for: accrued revenue

accrued revenue

money that has been earned but not received as of the end of the reporting period; also called accrued assetsTo accrue means to accumulate. The accrued asset is shown under current assets in the balance sheet. For example, assume a landlord has not received January rent of $500 from a tenant. The adjusting entry at the end of January is to debit rent receivable and credit rental revenue for $500.

accrued assets

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