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what is the difference between outstanding & accrued?
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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 |
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