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SAJEESH

SAJEESH (Querist)
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23 August 2016 what is the difference between accrued expenses and outstanding expenses

Amol S Joglekar

Amol S Joglekar (Expert)
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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

SAJEESH

SAJEESH (Querist)
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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

Amol S Joglekar

Amol S Joglekar (Expert)
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23 August 2016 google should be used with CARE. It may give you KNOWLEDGE but what is more important is APPLICATION of knowledge......

SAJEESH

SAJEESH (Querist)
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23 August 2016 it's better to clarify than going for it blindly, so I just confirmed thanks alot expecting the same in future

Amol S Joglekar

Amol S Joglekar (Expert)
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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.

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