Question

do accrued income and revenue have any effect on cash flow statements or not? this question might be silly for you but i m a beginner for this chapter.​

Answer 1

Answer:

Accrued revenues and accrued expenses themselves have no impact on cash flow because neither cash nor cash equivalents have exchanged hands. ...

Explanation:

For example, a business might record $2,000 in accrued interest revenue and the same amount in interest receivable.