Actual balance is the real balance while avialable balance is the physical balance
However, if there is a material difference between the expected and actual balance, the auditor will investigate this difference further. At this point the auditor will develop an explanation for the difference.
The difference between actual quantity and standard quantity is called the material quantity variance.
Difference between actual amount and budgeted amount is called "Variance" and variance analysis is done to find out the reasons for variance
My understanding is Accrual = (VOWD - Actual expenditure)
actual costing uses actual indirect-cost rates normal costing uses budgeted indirect-cost rates
However, if there is a material difference between the expected and actual balance, the auditor will investigate this difference further. At this point the auditor will develop an explanation for the difference.
Anal Burger
The difference between actual quantity and standard quantity is called the material quantity variance.
There is no difference between the jack used in the actual sense and in the lab.
The difference between the Actual Value & Earned Value is the Project Cost Variance
A budget is all expenses of the performances which has done by actual forecasting in front of the income and sources but balance sheet is a sheet that we appear what we have and both sides of balance should be equal and shows the situation of a company but budget shows the estimation of the costs!
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actual buyer is that which is actual buyer and potential buyer is that which is potential buyer..............
Difference between actual amount and budgeted amount is called "Variance" and variance analysis is done to find out the reasons for variance
What is the difference between ideal and actual cycle?
Actual output is the "real" GDP ( gross domestic product). potential output is the targeted output set by the government. the difference between the actual and potential output is UNDEREMPLOYMENT!
The difference between the two should be what has been charged to the card.