16 February 2011
WHAT IS THE DIFFRENCE B/W ACCRUE & DUE IF ANY & IF NOT WHAT IS THE SIMILARITY.
ALSO I WANT TO KNOW THAT AFTER APPLYING SURCHARGE TO A PARTICULAR QUESTION DO WE HAVE TO APPLY EDUCATION & SEC & HIGHER EDUCATION CESS TOGETHER LIKE 3 % OR SEPRATELY,IF SEPARETELY THEN ON WHAT AMOUNT & WHICH WILL BE LEVIED FIRST.
16 February 2011
accured means - gathered & due means - has become receivable
suppose interest on savings a/c is payable 6 monthly... then till the end of 5 months the interest is said to be - accrued (but not due) and @ end of 6th mth, it will become - accrued and due untill its actually received