The revenue standard provides guidance on presentation of assets and liabilities generated from contracts with customers. Read our full guide with examples and calculations.To create a new accounts receivable item, click Add AR to this Contract. You will then need to complete the required fields to create a new AR. On March 2, 2021, Plaintiff filed a Second Amended Complaint adding new causes of action to its breach of contract and misappropriation actions. We have recently completed the audit of the financial statements of Contra Costa Community College District. Accounts receivable and accrued revenue (net). 135,481. 783,656. 147,137. Inventories. 1,872. 1,872. Due from other funds. 66,311. 12,075. 78,386. This chapter discusses fundamental characteristics of the revenue cycle in health care services. The closing entries could be an accounts receivable or deferred revenue, and rarely, an accounts payable.