0
What is the difference between 'due and accrued' and 'accrued and due'?
Wiki User
∙ 10y ago
I would like to explain it with example, it might be helpful for you to understand
difference between due and accrue.
At the year end or beginning, generally this problem came with us.
Telephone bills calls made by us till 31st march ..... has accrued but we have not received the bill for that. Bill for month of march will be received in the month of april and also some due date is there to pay.
So it will be classified as accrued but not due
FDRs
In case of FDRs, maturity amount will be recd on maturity date (i.e. due date) but
interest on principal amount of FDRs accrued day by day.
I think from above two example it would be more clear to you
Wiki User
∙ 10y ago
'Due and accrued' refers to expenses that are both payable and have accumulated over time, while 'accrued and due' refers to expenses that have accumulated but are not yet payable. The difference lies in the order in which the terms are presented, with the emphasis on either the payment due or the accumulation of expenses.
Add your answer:
Earn +20 pts
What is The most important difference between procedural and substantive due process is that?
procedural due process focuses on the fairness of the legal process itself in ensuring individual rights are protected, while substantive due process addresses the actual content or substance of the laws being applied and their impact on individual liberties.
What does it mean to be legally separated?
Legal separation is a legal process through which a married couple can live apart while still remaining legally married. During a legal separation, rights and obligations regarding finances, property, child custody, and support may be determined by a court just as they would in a divorce, but the couple remains legally married.
What is the difference between 22 and 25?
The difference between 22 and 25 is 3.
What is the difference between a revoked license and suspended license?
A revoked license means it has been canceled or terminated, usually due to serious offenses. A suspended license is temporary and usually for a specific period or until certain conditions are met.
Ask us is the difference between total and selective incorporation?
Total incorporation is the legal doctrine which holds that the Fourteenth Amendment's Due Process Clause incorporates all of the protections in the Bill of Rights against the states. Selective incorporation, on the other hand, is the legal doctrine which holds that the Fourteenth Amendment's Due Process Clause incorporates only certain fundamental protections in the Bill of Rights against the states.
What is the difference between an accrued and a provision?
i must say accrued and provision is two different things,accrued is something paid to you but you can spend it,concerning provision is not the same.
What is the difference of philosophy from outlook in life?
Outlook happens due to philosophical propositions.Human perception depends on the knowledge accrued.
What is the difference between accrued income and income in advance?
Accrued income is that where income is earned but amount is not received while income in advance is reverse of accrued income where amount is received in advance but services not provided yet.
What is the difference between Accrued income tax and deferred income tax?
we dont have an idea either. thanks wharton
What is the treatment of Interest on Debentures Accrued but not due in the Co's Balance Sheet?
In the Co's Balance Sheet: Interest on Debenture Accrued but not due is to be taken under the head Current Liabilities. Where as Interest on Debenture Accrued and Due is taken under the head Secured Loan.
Difference between accrued income and outstanding income?
Accrued Income is income that is earned by provided a service or the sale of a product but hasn't been received yet. Outstanding income is income that is yet to be earned.
Are Accrued wages a current liability?
Accrued liabilities are a current liability if they are due within one year.
Is there a difference between accounting for conversion of bonds and accounting for the conversion of preferred stock?
Bonds have discounts and premiums and accrued interest. Preferred Stock doesn't.
Is accrued salaries payable a liability account?
Yes, accrued salaries are those amount which is due but not yet paid and payment is deferred for future time.
What is the major difference between the Unadjusted Trial Balance and the Adjusted Trial Balance?
Adjusting entries are recorded in the adjusted Trial Balance. The adjusted entries may be accrued revenues that are not recorded but earned and accrued expenses that include wages, commissions, interest, etc.
What is the difference between capitalized interest and accrued interest?
Interest received is the amount in currency that has been realized at the end of the term(on liquidation).Where as, bank will be calculating interest and that will be accrued to your account based on the frequency set, (daily,weekly..) for calculation purpose..
What is the difference between accouts receivable and accrued receivables?
Accounts Receivable is related to the amount receiable from the debtors against invoice raised on them against Inoice. The kind of serices already rendered or materials supplied to them. Accrued Receiable is related to icome receivable from an agreed future contract to receive amount on a given date. Examples are rent receiable, interest on deposits, etc. The amount is shown as income after the due date.
