ACCOUNTING FOR SALARY OF PERSON WHO WORKS SINGLE MONTH OR MORE AS EXPENSE AND METHOD OF APPROPRIATELY ACCOUNTING FOR EXPENSE BASED ON MONTHLY FIXED EXPENSE AGREEMENT ON ACCRUAL BASIS

摘要

PROBLEM TO BE SOLVED: To realize the accounting for expenses as salaries of monthly pay employees and employees of a monthly fixed expense agreement which correspond to months of 28 days, 29 days, 30 days or 31 days, thereby establishing a consistency between recorded sales based on an accrual principle and recorded expenses based on it. SOLUTION: In an appropriate method of recording salary expenses based on the accrual principle with respect to a monthly pay employee who works single month or more, the monthly salary and monthly fixed expense contract payment are calculated as daily-basis expenses, and accurate expenses are recorded on the basis of the number of days composing every month. Thus, the method enables solution of such a problem that important expenses items including personal expenses are not correctly recorded on a report of monthly closing accounts of the accrual principle although the sales are correctly recorded on the report of monthly closing accounts. COPYRIGHT: (C)2005,JPO&NCIPI