Difference between outstanding income and accrued income?
Answer Posted / 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 |
Post New Answer View All Answers
why are accounting firms needed?
i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.
wht is different between defered tax liablities and defered tax assets??????
AL+w button lanunches the .............. installed web brower
How does accounting contribute to the community?
my interview is on tuesday so i just want to know everything about the interview like which type of question they will ask me as i completed m.com . please helm me plz plz
is goods in transit will be liable for entry tax ?
What is the limitaion of the Trial Balance?!
all ques. related to accounts?
One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?
how to treat investment fluctuation fund in case of death of a partner
What do you debit and credit if discount allowed is underrated?
HOW CAN I OPEN A CC A/C ? WHAT ARE THE MINIMUM REQUERMENT TO OPEN A CC A/C ? WHAT ARE THE FACILITY OF A CC A/C IN THE BUSINESS FIELD ? WHAT ARE THE BANK CHARGES AND INTEREST IN CC A/C ?
Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 Calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy
Please let me know Under head of Sales Advance?