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- Accrual and outstanding are both related to financial transactions, but they have different meanings:
- Accrual: Indicates an expense that has been incurred but is not yet due for payment.
- Outstanding: Refers to an expense that has been incurred and is past due for payment12.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.An accrued expense indicates that an expense has been incurred but is NOT YET DUE for payment. An outstanding expense indicates that an expense has been incurred and is PAST DUE for payment. As an example, let's say that on Dec 31, 2020, the salary outstanding for staff is $25,000.accountingsuperpowers.com/financial-statements/b…Accrued liabilities are incurred but are yet to be paid, while outstanding expenses are the ones that are due or unpaid in the current accounting period and reflected as a current liability.in.indeed.com/career-advice/career-development/a… what is the difference between outstanding & accrued?
become an "OUTSTANDING SALARY" for the organization. That outstanding salary is a current liability for the organization. Outstanding expenses and income will shown in the balance sheet as current liability and current assets respectively. But accrued expenses and income will not …
What is the difference between outstanding and accrual?
- While both these types of expenses have been incurred, the difference arises in when the payment is due. An accrued expense indicates that an expense has been incurred but is NOT YET DUE for payment. An outstanding expense indicates that an expense has been incurred and is PAST DUE for payment. What is considered accrued income? Accrued income is m...
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