Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference between outstanding & accrued?
- 16 Answers
- 85743 Views
- iGate, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / naveen dutt sharma
Outstanding:- An income Or Expenses Which Have Not been paid/received in the current Year.
Accrude:- An income or Expenses Which is related with the next year or further more but yet not been paid or received in current year.
| Is This Answer Correct ? | 1 Yes | 4 No |
Answer / tejashri ambule
accrued expncess is an expencess of previous accounting yr
whichpaid in current account yr
outtsnading expencess is an current yr xpencess which may or
may not paid in next account year
| Is This Answer Correct ? | 1 Yes | 5 No |
Answer / priya
Accrued or Outstanding
Earned but not received
Outstsnding income has to be added to the respective income
on the credit side.
Outstanding expenses added to the respective indirect
expenses on the debit side.
| Is This Answer Correct ? | 4 Yes | 10 No |
Answer / bhoopendra singh
accruals and outstanding both are same things it just accruals terms is used for income and outstanding terms is used for expences.
| Is This Answer Correct ? | 3 Yes | 23 No |
Answer / ranganathan
for example, Outstanding expenses means - expenses to be
paid -
accrued means, for a fixed deposit, amt. of interest
portion for the deposit amount as on date.
| Is This Answer Correct ? | 7 Yes | 35 No |
who issues the indian accunting stANDARD
What form of classification of expenses is expected for a charity whose gross income does not exceed ?250,000 preparing accruals accounts?
what is contract note?
what r the types of balance sheet?
in first puc accountancy book by B.S.Raman there is a lots f definitions for everything so how should i have to study
outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
What the trial balance proves us
Interest of Rs.30000/- is received from deposits Tds of Rs 7500/- is deducted by the bank please pass the necessary entry for the same
BEP= Fixed cost/Contribution*sales .Any other alternative formula 4 BEP .
WHY PROFIT & LOSS A/C, WHY NOT PROFIT & LOSS A/C
what is royalty and how it is calculated?
Earning made by a business organisation outside the main operations are called----------------
Audit 
