Rent for the month of March ,2019 is not...

Rent for the month of March ,2019 is not paid . Under which accounting concept it should be recorded as expense for the year ended 31st March , 2019?

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Accrual Concept.

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From the following determine the amount of subscription that should be credited to Income and Expenditure Account for the year ended 31st March 2019. Subscriptions received during the year were as follow: {:("For the year ended 31st March 2018",,Rs.20.000),("For the year ended 31st March, 2019",,Rs.3.00.000),("For the year ended 31st March 2020",,Rs 30.000):} subscription outstanding as at 31st March 2018 was Rs. 35,000 out of which Rs. 5,000 was not recoverable . On that date subscriptions received in advance for the year ended 31st march 2019 were Rs. 20,000. Subscriptions still outstanding as at 31st March , 2019 amounted to Rs. 60,000.

From the following information determine the amount to be debited to Stationery Account in Income and Expenditure Account for the year ended 31st March 2019 : {:(,,Rs),("Stock stationery on 1st April 2018",,"30,000"),("Creditors for stationery on 1st April 2018",,"20,000"),("Amount paid for stationery during the year ended 31st March 2019",,"1,08,000"),("Stock of stationery on 31st March 2019",,"5,000"),("Creditors for stationery on 31st March 2019",,"13,000"):} Also show the above items in the Income and Expenditure Account for the year ended 31st March 2019 and in the Balance Sheet as at that date.

Subscriptions received during the year ended 31st March 2019 are : {:(,"Rs",,"Rs"),("For the year ended 31st March 2018","1,600",,),("For the year ended 31st March 2019","84,400",,),("For the year ended 31st March 2020","3,200",,"89,200"):} There are 450 member each paying an annual subscription of Rs. 200, Rs 1,800 were in arrears for the year ended 31st March 2018. Calculate amount of subscription to be credited to income and Expenditure Account for the year ended 31st March 2019.

Subscriptions received during the year ended 31st March 2019 are {:(,,"Rs",,"Rs"),("For the year ended 31st March,2018",,4.000,,),("For the year ended 31st March,2019",,2.11.000,,),("For the year ended 31st March,2020",,8.000,,2.23.000):} There are 450 member each paying an annual subscription of Rs. 500.Rs. 4,500 were in arrears for the year ended 31st March, 2018 in the beginning of the year ended 31st March 2019. Calculate subscriptions to be shown in Income and Expenditure Account for the year ended 31st March 2019 and also show treatment of subscriptions in the Income and Expending Account and Balance Sheet.

An asset was purchased for Rs 10,500 on 1st April, 2012. The scrap value was estimated to be Rs 500 at the end of asset's 10 years' life. Straight Line Method of depreciation was used. The accounting year ends on 31st March every year. The asset was sold for Rs 600 on 31st March, 2019. Calculate the following: (i) The Depreciation expense for the year ended 31st March, 2013. (ii) The net book value of the asset on 31st March, 2017. (iii) The gain or loss on sale of the asset on 31st March, 2019.

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