The Primary Difference Between Accrued Revenues and Unearned Revenues Is

question 16

Multiple Choice

The primary difference between accrued revenues and unearned revenues is that accrued revenues have:

• A)been recognized and unearned revenues have not been.
• B)been paid and unearned revenues have not.
• C)been recorded and unearned revenues have not.
• D)not been recorded and unearned revenues have.

---

Definitions:

Retained Earnings

The portion of a company's profits that is kept or retained for reinvestment in the business, rather than being paid out as dividends.

Store Supplies

Items consumed in the daily operations of a retail business, not intended for sale to customers.

Adjustments Column

A column in accounting ledgers or spreadsheets used for recording adjustments to initial entries for correct financial representation.

Supplies Used

Items consumed during the normal course of business operations, recognized as an expense as they are used.