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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 else can I help you with?
What does it mean to be legally separated?
Laws vary in different jurisdictions but there may be a difference in being responsible for a spouse's debts accrued after a legal separation. You would need to check your particular jurisdiction. Some do not recognize a legal separation.Laws vary in different jurisdictions but there may be a difference in being responsible for a spouse's debts accrued after a legal separation. You would need to check your particular jurisdiction. Some do not recognize a legal separation.Laws vary in different jurisdictions but there may be a difference in being responsible for a spouse's debts accrued after a legal separation. You would need to check your particular jurisdiction. Some do not recognize a legal separation.Laws vary in different jurisdictions but there may be a difference in being responsible for a spouse's debts accrued after a legal separation. You would need to check your particular jurisdiction. Some do not recognize a legal separation.
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 is the difference between 22 and 25?
25 is 3 more away than 22
What is the difference between a revoked license and suspended license?
Suspended = temporary Revoked = permanent
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 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 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 tax and deferred income tax?
we dont have an idea either. thanks wharton
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.
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.
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.
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 accrued interest on mortgage loan?
Accrued interest on a mortgage loan refers to the interest that accumulates on the loan balance but has not yet been paid. This typically occurs between the last payment date and the next due date, as interest continues to accrue daily based on the outstanding principal. When a borrower makes a payment, the accrued interest is often included in the total amount due, ensuring that the lender receives compensation for the time the borrower has used the funds. Understanding accrued interest is important for borrowers to manage their payments effectively.
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.
