sir what is difference between o/s and accrued expense. if interest on loan is due on 31st march for march vs interest on loan is due on 31st april for march and april. in which one is due and accrued and which one is only accrued
Share
Sorry, you do not have permission to answer to this question.
There is a very minuture difference b/w both. Accrued is like you’ve incurred a liability but the payment is not made whereas O/S means an expense which is due or unpaid in the current a/c period. Both seems to be very similar.
In your ex., 31st march wala is O/S whereas 30th april is accrued + O/S.
I hope this helps you!