23 August 2016
the expenses which remain to be paid are regarded as OUTSTANDING.
Accrued. : The word goes well with Income......A fixed deposit earning interest @ 10%, payable half yearly on 1st june and 1 dec.......... as on 31st Mar....the interest for dec to mar is accrued BUT not due.....it will fall due on 1 jun
23 August 2016
iam also agree in Ur answer,but while googling I got some experts openinon that there is no accounting terminology (o/s) den
accrude means expenses which are not due
os means expenses which are unpaid and its due
23 August 2016
In fact you MUST confirm whatever you read across Google.....Google is an unruly horse......be careful in using it..... You are most welcome.
CAclubindia
