Accrued revenue

Revenue that has been earned but not yet received by the business. Examples include account receivable, notes receivable etc. Such revenue should be treated in accordance with accrual concept

Nature of these revenues 
These types of revenues are asset for the business

Accrual Concept An accounting concept under which revenues and costs or expenses are accrued that are recorded as they are earned or incurred and they are not recorded when money paid or received

EXAMPLE If business purchase goods on credit it should record this transaction at the date of purchase not the time of repayment of money