Dictionary of Accounting Terms: 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.
