What is the primary difference between accrued revenues and cash revenues?

• A. Accrued revenues are recognized only at the end of the fiscal year, while cash revenues are recognized throughout the year.
• B. Accrued revenues are recognized only for services, while cash revenues are recognized only for goods.
• C. Accrued revenues are recognized before cash is received, while cash revenues are recognized when cash is received.
• D. Accrued revenues are recognized when cash is received, while cash revenues are recognized before cash is received.

Answer: (C)