Accrual Accounting: Revenue, Expenses and Cash Timing

Original fictional USD case. This worksheet does not automatically calculate. Edit the blank cells, then print or save your completed copy before closing. Fields are not uploaded or saved by this page.

Completed teaching case

Reconciled case from the guide
Event	Recognition	Cash / billing date	Posting
Accepted November service; unconditional payment right	$5,000 earned in November	Invoice Dec 1; collect Dec 15	Dr receivable / Cr revenue 5,000
November payroll earned	$1,800 November expense	Pay December 5	Dr wage expense / Cr payable 1,800
Insurance paid November 1; twelve months coverage	$100 November expense; $1,100 prepaid	$1,200 November payment	Dr insurance expense / Cr prepaid 100 at close
Customer advance for December service	No November revenue from this advance	$2,400 November receipt	Dr cash / Cr contract liability 2,400

Your evidence and assumptions

Your working record — replace each cell
Transaction / evidence	Performance / consumption date	Invoice date	Payment date	Account / adjustment
Enter record 1	Enter value	Enter value	Enter value	Enter value
Enter record 2	Enter value	Enter value	Enter value	Enter value
Enter record 3	Enter value	Enter value	Enter value	Enter value
Enter record 4	Enter value	Enter value	Enter value	Enter value
Enter record 5	Enter value	Enter value	Enter value	Enter value

Check amounts, dates, scope and source documents independently. Planning education; not accounting, legal, tax or lending advice.

Accrual Accounting: Revenue, Expenses and Cash Timing — working record

Completed teaching case

Your evidence and assumptions