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reverse entry for provision for salary where it is made and
how it is
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Answer / vipin bijlwan
When provision made
Salary a/c Dr.
To prov. For salary a/c
And reverse entry at the time of payment
Prov. For salary a/c Dr.
To bank/cash
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / smita
when provision is made:-
salaries Dr.
To prov. for salaries A/c
To Bank A/c.
P&L A/c Dr.
To Salaries A/c
When provision is reversed :-
Prov. for salaries A/c Dr.
To Bank A/c.
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / narasimharao
PROVISION FOR SALARY A/C DR
TO SALARY A/C
(OR)
SALARY PAID
PROVISION FOR SALARY A/C DR
TO BANK OR CASH
| Is This Answer Correct ? | 1 Yes | 1 No |
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