Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


what is the main difference between Outstanding & Accrued
Expenses?

Answers were Sorted based on User's Feedback



what is the main difference between Outstanding & Accrued Expenses?..

Answer / sandip goswami

Outstanding means an expense for which the due date has
passed. For eg. Salary was due on 30th sep but not paid, so
it will be an outstanding liability in the month of october.

Accrued means expenses that is going to occur in the near
future. eg Royalty, which is paid once in a year is divided
into a monthly basis so that it does not impact the P/L A/C
suddenly.

Is This Answer Correct ?    36 Yes 4 No

what is the main difference between Outstanding & Accrued Expenses?..

Answer / venkata sai kumar

Accrued expenses and outstanding expenses are similar but not same.

Accrued expenses are expenses incurred but not yet paid as due date has not occured.
Whereas in outstanding expenses, due date has come but not yet paid

Is This Answer Correct ?    2 Yes 0 No

what is the main difference between Outstanding & Accrued Expenses?..

Answer / sangeetha g

Outstanding Expenses means we have to pay which is already
received product/service from the supplier.

Accrued expenses means just we assume the particular
expenses may or may not receive the product or service in
future.

Is This Answer Correct ?    18 Yes 18 No

what is the main difference between Outstanding & Accrued Expenses?..

Answer / sudheer

there is no difference b/w outstaning and accrued
the word outstanding is commonly used to represent expenses
outstaning on the other hand accured is using income
outstanding(accrued income)

Is This Answer Correct ?    7 Yes 20 No

what is the main difference between Outstanding & Accrued Expenses?..

Answer / pravin kamble

There is no difference between outstanding & accrued
expenses, because when we say outstanding or accrued
expenses, that meanse the particluar even had happed, but
we have not made the payment for that even within that
particular period.

In both way this nothing but our unpaid expenses.

Is This Answer Correct ?    5 Yes 27 No

Post New Answer

More Accounting General Interview Questions

accounting principles, accounting concepts,meaning of managment and financial accounting and cost accounting.

0 Answers   IBM,


what is the manual procedure for accounting

0 Answers  


how to see reoprt of miro booking in SAP FI

0 Answers  


i have purchase goods for Rs.100 and company say you sell this goods for Rs. 80 and raised a debit note for diffrence amount and he fix 5 % commision on sales value what is journal entry passed in tell with narration?

9 Answers  


what is difference between tax invoiced & retail invoice

5 Answers   Integra,


what is the Journal entry for credit card bill paid from same bank account

0 Answers   Construction,


difference between outstanding and accrued exp.?

2 Answers   Genpect,


I purchase a material with vat@4% and want to sale it to a bihar cliet.what will be charged as cst.Narrate me as brakewise.It is very urgent to mine.

0 Answers  


How can I pass the journal entry for work in progress for a construction company for every end of the period and what should be for next period? I would like to know the debit and credit should allocated where in an accounting system?

3 Answers  


If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?

0 Answers  


WHAT ARE THE LIMITATIONS FACING ACCOUNT CONCEPTS AND CONVENTIONS?

0 Answers  


what is the finalisation of accounts,

1 Answers  


Categories