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Difference between outstanding income and accrued income?
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Answer Posted / tripti sen
there a little difference in o/s & acc
accrued income:- means income due but not yet received.but after some time we will get receipt it means accrued income has any certainty to receipt of amt.(after short period we can receive this.)
outstanding income :- means income not due its pending for due so there is no any certainty to receipt of amt it will be take 2 month or 6 month or 2 year.
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