Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference between outstanding & accrued?
- 16 Answers
- 85817 Views
- iGate, I also Faced
- E-Mail Answers
Answer Posted / dhaval
There is an inter-relationship among the word accrued, due
and outstanding .
For example, if the person is getting a salary of Rs.30000/-
per month in an organization, every day Rs.1000 will be
"ACCRUING", for the end of the month the entire amount will
become "DUE", and after completion of that month it will
become an "OUTSTANDING SALARY" for the organization.
That outstanding salary is a current liability for the
organization.
Outstanding expenses and income will shown in the balance
sheet as current liability and current assets respectively.
But accrued expenses and income will not shown in the
balance sheet.
| Is This Answer Correct ? | 11 Yes | 12 No |
Post New Answer View All Answers
whts is the meaning of over cost and under cost, what is difference ?
How do you set the increment point in appraisal of salaries. It becomes so difficult for the employer to hear again and again about increment
can we get all interview questions with answers in tally 9 which mostly asked in MNC's.
What is a bad credit score?
Transfer nett profit of Rs 325000/- to Reserves and Surplus
Ram, the proprietor brought additional capital of Rs 75000/- by pledging his wifes gold.pass entry
EXPAND___________NAA
can u let me know how the bankers calculate interest on O.D.account
Short Answer on ______Amortization
what is data entry? what is report generation ?in accounting how it is used .
what is audit mean? what is vouching? how to finalize the account? what is the meaning of + cast < as per last year auditor’s a/c ^ as per ledger JV journal voucher PV payment voucher AJV authorised journal voucher APV authorised journal voucher RV receiving voucher PCV petty cash voucher CPV cash payment voucher DN debit note DO delivery order PO purchases order CN credit note PS policy schedule RPS renewal policy schedule B bill Cx cross check nCx cannot cross check CB cash bill L list/letter SRF stock requisition form R report OR office report INV invoice DS deposit slip AB assessment bill Re receipt ECF entertainment claim form ATRF air ticket requisition form
Expand---------EDP
what is the scenario of multi-org setup?
can you define exogenity endogenity both terms are from economics both are different from exogenous & endogenous variables. I can not find the answers. please help if you can....
Expand-------ANC
