Accounting principle , Accounting Basics

The salaries paid in 2004 is Rs. 5,00,000; Salaries outstanding  is  Rs. 20,000; Salaries paid in advance for 2004 is Rs. 30,000. What is the actual salary expenditure for 2004? Which accounting principle is involved in this and explain that principle.

Posted Date: 3/12/2013 7:31:27 AM | Location : United States

Related Discussions:- Accounting principle , Assignment Help, Ask Question on Accounting principle , Get Answer, Expert's Help, Accounting principle Discussions

Write discussion on Accounting principle
Your posts are moderated
Related Questions
Below is the share price, taken annually over the last ten years, and a table of dividends paid over the last ten years, for each Bendigo and Adelaide Bank and Commonwealth Bank.

Q. Responsibility of Senior accountant? As a senior accountant Tracy will be accountable for the day-to-day management of several audit engagements during the year. She will pl

A high school counselor needs to show whether the teenage pregnancy rate at her school is disimilar from the rate nationwide. She knows that the rate nationwide is 15 %. She random

Ask question Discuss the export financing under the deferred payment system.#Minimum 100 words accepted#

A lobster catcher spends $12 500 per month to maintain a lobster boat.  He plans to catch an average of 20 days per month during lobster season.  For each day, he must allow approx

General rationale financial statements provide much of the information needed by external users of financial accounting. These financial statements are official reports providing i

A(n) _______ loss occurs when the reduced price is below the actual cost. A. net B. operating C. absolute D. incurred

At the end of the current year, $19,900 of fees have been earned but not billed to clients. a. What is the adjustment to record the accrued fees? Indicate each account affect

Oligopoly is a market where the supply is controlled by a little group of companies. In this condition, the actions of single company will have a material effect on the entire mark

Accrual Concept The accrual concept makes a distinction among the receipt of cash, and the right to obtain it, and the payment of cash and the legal obligation for pay it. In