Questions
MUF0022 Accounting Unit 2 - Semester 2, 2025 Quiz: BDA: Revenues
Single choice
A revenue received but yet to be earned is known as a
Options
A.a. accrued expense.
B.b. prepaid expense.
C.c. prepaid revenue.
D.d. accrued revenue.
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Step-by-Step Analysis
In this question, we’re asked to identify the term for revenue that has been received but not yet earned. Next, I’ll evaluate each option to show why the correct choice fits and why the others do not.
Option a: accrued expense. This term refers to an expense that has been incurred but not yet paid, such as wages p......Login to view full explanationLog in for full answers
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