reverse entry for provision for salary where it is made and
how it is
Answers were Sorted based on User's Feedback
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 |
what is the effect of surplus in p&l account? or what is its significance
Tell us do you have any idea about service tax or excise?
What is aggregate Liabilities ?
0 Answers Bangladesh Securities and Exchange Commission BSEC,
what is difference between company and firm
what is the book keeping?
what will be journal entry if bussiness is started from loan.
2 Answers State Bank of Mysore SBM,
6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?
if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what is the entry in tally?
A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.
what is the difference between TDS & TCS? Note:- Plz don't tell the ful form of tds & tcs
3 Answers Jaguar, National Granites,
when we purchase of tractors and two wheeler vehicle from other state what we get taxes exemptions
Tell us what kind of work environment do you prefer?