What is accrued expenses .and what is differance between
accrued Expenses & Accrued Income?

Answer Posted / dahlia

Acrrued Expenses and Accrued Income are an entity's
expenses and incomes or revenues that accumulate
throughout an accounting period.

Is This Answer Correct ?    3 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what do you mean byrecoupment of shortworkings in royalty accounts

3329


Why company issue shares at discount as its a loss ?

2656


What is a cpa?

701


Why did you choose the a-levels you did?

629


What are the features of financial accounting?

1607






What is "deposit in transit"?

794


if I m taking a loan from bank of AED 20 lakhs @ 10.25% per annum for 10 years how much amount as intrest I need to pay in this 10 year period of time to bank.

1870


How to get C forms in online? Plz give me Processor Thanq

2863


Contrast bookkeeping and accounting

611


why we multiply no. of purchasing year with average profit

1568


what are the limitations of accounting conventions

2040


What is journalizing? What are the columns of a journal?

660


I have interview in Accenture,already anyone attend the interview, kindly gave some information about accounts interview & also about the company.

1835


From the following particulars taken on 31 December, 1995, you are required to prepare a bank reconciliation statement to reconcile the bank balance shown in the Cash Book with that shown in the Pass Book: (i) Balance as per Pass Book on 31 December, 1995, O/D Rs 1,027. (ii) Four cheques drawn on 31 December but not cleared till January are as follows: Rs 12; Rs 1,021; Rs 98; and Rs 113. (iii) Interest on O/D not entered in Cash Book Rs 51. (iv) Three cheques received on 30 December and entered in the bank column of the Cash Book but not lodged in bank for collection till 3 January next: Rs 1,160; Rs 2,100; and Rs 2,080. (v) Cost of cheque book, Pass Book, etc; Rs 1.50 entered twice erroneously in Cash Book in November. (vi) A Bill Receivable for Rs 250 due on 29 December, 1995 was passed to the bank for collection on 28 December, 1990 and was entered in Cash Book forthwith whereas the proceeds were credited in the Pass Book only in January following. (vii) Chamber of Commerce subscription Rs 10 paid by bank on 1 December, 1990 had not been entered in the Cash Book. (viii) Bank charges of Rs 5 had been debited in the pass book twice erroneously. . . . plz be fast

1585


how in the big companies the budget are prepared and controlled?

1647