Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference between outstanding & accrued?
- 16 Answers
- 85055 Views
- iGate, I also Faced
- E-Mail Answers
Answer Posted / ullash swain
Outstanding- The exepenses which is due but not paid is called outstanding expenses.
For example- Electricity bill cycle date is 15 th march to 14 th April.So vendor would issue invoice after 14th April because electricity consumption on 14 th April would be include.In this case if payment not happened till 14 the April , we can treat it as an Outstanding expenses.
Accrued- The expenses which has been incurred but not accounted in the current month which is called accrued expenses.As invoice not received from the vendors we need to calculate the accrual days on basis of invoice bill cycle date.If accrued expenses has not been accounted in the current month then it will become a outstanding .
Example- In above example, Accrued expenses would be charge as 15 days for the month of march due to invoice has not been generated.
| Is This Answer Correct ? | 4 Yes | 3 No |
Post New Answer View All Answers
WHAT IS THE DIFFERENCE BETWEEN PUBLIC COMPANY AND PRIVATE COMPANY? MUTUAL FUNDS? GOOD WILL? ABOUT YOUR PROJECTS?
Three steps for correction in BRS?
fiscal year variant Vs posting period variant
what is the procedure of interview question in genpact
Nike,Inc. has developed a variable-overhead rate of $10 per machine hour,and estimates fixed overhead $250,000 for production up to 100,000 units per year. If the production manager estimates 9,000 machine hours for the production of 90,000 units next year, what are estimated variable-overhead costs?
What is the Purpose of Preparing Bank Reconciliation Statement?
Took goods from the shop for use at home? state whether the following transcation is business transcation or non business transaction? with reason?.
Process of the settlement cycle?
Expand DEHM
What is the relationship between, issued share capital, share premium and paid up capital?
How can fictitious assets be measured or valued?
In SAP FICO How many ways we are Procuring the assets in the Company?
The partners agreed to take hero honda vehicle of Rams as firms vehicle by giving credit to his capital account. The vehicle was valued for Rs 65000/-Pass necessary entry
im preparing for the sbi clerical post please send me the solved questions.
an amount deducted from the catalog price for an item of merchandise is called?
