doubt
This query is : Resolved
23 August 2016
what is the difference between accrued expenses and outstanding expenses
Amol S Joglekar
(Expert)
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
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
Amol S Joglekar
(Expert)
23 August 2016
google should be used with CARE. It may give you KNOWLEDGE but what is more important is APPLICATION of knowledge......
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
(Expert)
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.
You are most welcome.
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