Accounts recievable added in with fees earned when preparing a income statement?

Question

I am taking an accounting class and need to know if accounts recievable are considered fees earned. Technically, I would say yes but due to the fact that accounts recievable may not be paid as soon as the service is rendered I am in question. Someone help.

Answer 1

Accounts recieved when realized is called Fees earned. As long as it is not realized it remains Accounts Receivable. It is assumed that the company is in Service industry.