Question

Which of the following accounts is NOT affected by an accrued revenue? A. Interest Receivable B....

Which of the following accounts is NOT affected by an accrued revenue?

A. Interest Receivable
B. Accounts Receivable
C. Rent Revenue
D. Unearned Rent Revenue
Business   Accounting   
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Homework Answers

Answer #1
  • Conceptually, Revenue accounts are AFFECTED by the accrual of revenues.
  • Of all the option available, Option ‘D’ Unearned Rent Revenue is the only account that’s not ‘revenue’ account. It’s a Liability account.
  • Interest receivables, Accounts receivables and Rent revenue are all affected by the accrual of revenues.

All 3 of them are increased when revenue is accrued.

  • Hence, Correct Answer = Option ‘D’ Unearned Rent Revenue is NOT affected by an accrued revenue.
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