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Accounting

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.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9528011

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