what is the main difference between Outstanding & Accrued
Expenses?
Answer Posted / 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 |
Post New Answer View All Answers
What is the entry to be passed on receiving the tds certificate in the books of the deductee?
WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268 FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY
What is an accounting transaction?
All Interview related Questions pertaining to General Ledger,Finance & Accounts.
Explain me your current/former role, your responsibilities, and how success is/was measured?
Why TDS not Deducted on Service tax amount of Rent.
what type account are below Debentures Bank overdraft
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?
how many types of currencies are there in oracle r12
Tell me what is working capital?
What does the financial statement of the company include?
Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.
Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 Calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy
What is fiduciary accounting?
i need clarification about tds will be calculate before deductions or after deductions on gross salary+incentive