Account query
This query is : Resolved
11 February 2014
differnce between outstanding, due and accured ?
Guest
Guest
(Expert)
11 February 2014
Nyc question...accrued means which u earned,due means when it becomes due for payment/receipt,and outstanding means the things get due but not made will try to make u more understand with an example the meaning of accrued ,due and outstanding.
Let suppose u joined a job on 1st feb,2014 and company policy is that salary of month is paid on 7th of next month..
So now today on 11th feb u can say your salary is accrued for 11days..that means u earned the salary of 11 days..remember u cant say it is due or outstanding..on 7thmarch it is due..suppose u r standing on 15th march.then u would say my salary is outstanding for 8days..Hope this will clear you the meaning of these three terms..
Let suppose u joined a job on 1st feb,2014 and company policy is that salary of month is paid on 7th of next month..
So now today on 11th feb u can say your salary is accrued for 11days..that means u earned the salary of 11 days..remember u cant say it is due or outstanding..on 7thmarch it is due..suppose u r standing on 15th march.then u would say my salary is outstanding for 8days..Hope this will clear you the meaning of these three terms..
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