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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 difference between provision and accrual?
Accrual is income earned but not received or expenses incurred but not spent. Provision is making provision from the profit for a specified or known expense which is to be met in unknown future.
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.
Difference between provision and accrual?
Accrual - means is common word carry farword to next. provision - means is should be payable. Harisha Mundre
What is the difference between accured expenses and provision?
Accrued expenses are those expenses which are incurred but no amount is paid yet. Provisions are created to be adjusted against actual expenses occurs during the fiscal year and advance liability is created in balance sheet.
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 difference between provision liability and continget liability?
A provision is when it's grater than 50% chance of happening where as a contingent is less than that. You show a provision on the accounts but not the contingent.
What is the difference between Accrued income tax and deferred income tax?
we dont have an idea either. thanks wharton
What is the difference between provision and accrual?
Accrual is income earned but not received or expenses incurred but not spent. Provision is making provision from the profit for a specified or known expense which is to be met in unknown future.
Difference between provision and accrual?
Accrual - means is common word carry farword to next. provision - means is should be payable. Harisha Mundre
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.
Difference between provision and reserve?
Provisions are charge against profit and Reserves are appropriation of profit.
What is the difference between provision and payable?
Provision means the expenditure known but not exact amount to be spent that is unknown but payable means the exact amount of expenses knows that is to be paid.
What is the Difference between line organisation structure and line and staff organisation structure?
line orgnization has no provision of syaffs ,whereas line and staff org- has provision of staffs
What is the difference between 'due and accrued' and 'accrued and due'?
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
What is the difference between provision and reverse?
Provisions are created in books as they are anticipated. Example: provision for depreciationReserves are created in books as a part of profits, which might used to purchase assets or to declare dividends.
