Differences Between..

1) Differed  Revenue  Expenditure -  Expense  which  are incurred  in current  F.Y  , however  benefits  of same  will be  in  the coming  years i.e  Advertisement  Expense 

2)  Accrued  Income  - Income  which  is earned  during  the  F.Y  but  not   actually   received  , has  to be  reported   on 31 st march  Asset  side  balance sheet  

3)  Outstanding  Expense -  Expense  which  are  not  paid during  the current  F.Y  are called  Outstanding Expense  , has to be reported  on 31st  march  liability  side Balance  sheet . 

4) Prepaid  Expense  - Expense  which  are  paid  in  Advance  or  for  next  F.Y  in current  F.Y  has to be  reported  on 31st march  Asset  Side  Balance sheet .     

5) Income received in Advance -  Income which  is  received  in current  F.Y   of   next  F.y  on 31st  march  has to be   reported  liability  side  balance  sheet  .