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Difference between outstanding income and accrued income?
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Answer / h.r. sreepada bhagi
Kirti Verma's answer is correct : It's explained with
example below :-
1. Billing period for Telephone Service provider 15th to 14
of the next month. At the end of the first month, income is
accrued but not due & so is not outstanding income at the
end of the month.
Bill will be sent after 14th of the following month & if
money is not received by the end of that month & is due,
it's outstanding income.
Unless billing is made for an income it will not fall due &
so is not an outstanding income though it's accrued.
| Is This Answer Correct ? | 16 Yes | 7 No |
Answer / raju
Outstanding income means it will be gain but accrued incom
means it's already gained
| Is This Answer Correct ? | 29 Yes | 26 No |
Answer / 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.
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / kirti verma
when an income is due it is an accrued income whether it is
recieved or not, but an income is due but not recieved is
an o/s income.
| Is This Answer Correct ? | 8 Yes | 13 No |
Answer / debasish
accrued income means the income has earned but not
received.outstanding income means the income has earned yet
not received
| Is This Answer Correct ? | 3 Yes | 11 No |
Answer / k k bhardwaj
their is no difference between
outstanding income and accrued
income......
| Is This Answer Correct ? | 1 Yes | 12 No |
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