Accrued Revenues
Code: 1155
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Account Information
| Account Type | Statement of Financial Position |
| Normal Balance | Debit |
Definition
Revenue earned for services rendered but not yet collected
Common Journal Entries
Accrue service revenue
Dr. Accrued Revenues
Cr. Service Revenue
Collect accrued revenues
Dr. Bank Account
Cr. Accrued Revenues
Accrue interest on deposits
Dr. Accrued Revenues
Cr. Interest Income
Reverse accrued revenues next period
Dr. Service Revenue
Cr. Accrued Revenues
Accrue service revenue
Dr. Accrued Revenues
Cr. Service Revenue
Collect accrued revenues
Dr. Bank Account
Cr. Accrued Revenues
Accrue interest on deposits
Dr. Accrued Revenues
Cr. Interest Income
Reverse accrued revenues next period
Dr. Service Revenue
Cr. Accrued Revenues