difference between accural income and due income
2 Replies
madhur gupta
(student/article )
(1022 Points)
Replied 22 July 2008
| Originally posted by :adnan | ||
| " | difference between accural income and due income | " |
due means right to recieve and earned as well,but accrue means earned only,take the example of deb.interest due date of which is may31,n nov.30,here as on 31 march 4 month int.is earned but int,due will b on may 31 when right will b there to recieve
kapilll
(Investigator)
(171 Points)
Replied 23 July 2008
right like in many offices salary is paid on 7th of next month
in that case salary is given for the previous month, services are already given and salary is accrued but will be due (right to ask for salary) will arise on 7th only
pls. corect me if i m wrong !!!
Recent Topics
- Upload of qualified audit report on MCA portal
- Form 26QB on multiple installment
- Is Offering Group Health Insurance Worth It for Sm
- Export of services documents
- AOC4 & CFS,STANDALONE separately
- Gratuity Trust for IT company
- Rule 86B on utilisation of ITC
- GST Notice U/S46
- Download of list of eWay bill of inward supply
- GST Registration & ITC Eligibility
Related Threads
Trending Online Classes
-
6 days Certification Course on GST Practical Return Filing Process
CA Pratibha Goyal16 December 2024
CAclubindia
