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reverse entry for provision for salary where it is made and
how it is

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reverse entry for provision for salary where it is made and how it is..

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

reverse entry for provision for salary where it is made and how it is..

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

reverse entry for provision for salary where it is made and how it is..

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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