what do you mean by accrual & due ? What is the difference
between Accrual & due?
- 4 Answers
- 8974 Views
- Genpact, HCL, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / 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 |
Answer / ravi
for Example:A company has declared the dividend but it will
settled the customer account certain days. for the period
company has give the interest in these declared date and
settlement date in between period is accrual. Once the
amount is settled in due date.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sheetal
accrual means which income received by them and after done
by us.
| Is This Answer Correct ? | 1 Yes | 7 No |
Answer / venkat
Accrual concept means which entries done or going to be done it means part of money or money reserved or paid on total amount should be written in the books is called accrual concept
dual concept means in every accounting equation one should debt and one should be credit then only that excise will be correct
| Is This Answer Correct ? | 2 Yes | 9 No |
Explain the term account payable?
what is the difference between profit center area and business are.? please make me clear.
what is bpo what is kpo
salaries due for the month of march will be recorded in
what is journal
What is the Difference Between Limited Co. and Pvt. Ltd. Co. ?
what is the journal entry for cheque dishonour
16 Answers Bank Of America, CTS, Oriental Bank Of Commerce,
What is good accounts Process & Execution capabilities?
What is the general entry for charge on bank overdraft
I have received a cheque from customer and i deposited into the bank next 4-5 days cheque has been bounced by the bank. Pls tell me what is reverce entry in the tally for cheque bounced and which option i will enter in journal or payment entry. Salary . is it direct exp or indrect exp.
If a builders work is incomplete.Then what entry will be passed by him on closing of accounting year i.e 31st march In P&L A/c and Balance sheet
What is rate & taxes in Accounting. when we make a journal entry like rate & taxes debit & party credit. So i want to guide me consider for rate & Taxes.
Audit 
