what do you mean by accrual & due ? What is the difference
between Accrual & due?
- 4 Answers
- 9033 Views
- Genpact, HCL, I also Faced
- E-Mail Answers
Answer Posted / kuldeepkumar
As per Accrual concept of accounting revenue has been
earned by firm, whether is received or not & expenses has
been incurred by firm, whether is paid or not.
As a Creditor, Due is that amount which we have to receive
from debtor & As a Debtor, Due is that amount which we have
to pay to Creditor.
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
What does an accurate trial balance suggest?
What is your role in planning?
what is the due date of 28th feb
IS THERE ANY DIFFERENCE BETWEEN PAID UP CAPITAL AND PAID IN CAPITAL?
List the type of transactions entered in journal proper.
What are the AP accounting entries for EXPENSE ITEM VS Inventory Item in oracle ERP
What is general entries for Deffered Tax?
Explain the concept of responsibility accounting
wht is different between defered tax liablities and defered tax assets??????
My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
what is the D.V.T. rate from 1/10/2009
correction of sundry creotors
1.A Company with a net income of $ 7,650 in a year and has 3,000 outstanding shares. Calculate the Earning per Share (EPS).
What steps would you take before approving an invoice for payment?
How will I post entries to Tally If I purchased a Car in Loan. The principal Amount = 62930 Interest = 6846 Total = 69776 We have to pay Rs 1191 every month for 4 years which include Principle amount and interest. how can I post the monthly entries to tally
