During an accounting period a business earned OMR 3,000 revenue, but cash was not received in the
Fantastic news! We've Found the answer you've been seeking!
Question:
During an accounting period a business earned OMR 3,000 revenue, but cash was not received in the same period. Which of the following options correctly describe the item involved in this transaction?
a.Accrued revenue
b.Prepaid expense
c.Accrued expenses
d.Unearned revenue
a.Accrued revenue
b.Prepaid expense
c.Accrued expenses
d.Unearned revenue
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Posted Date: