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What is Journal Entry for Provision for Leave Salary
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Answer / ruman jha
Salary A/C Dr
To Provision For Leave Salary
(ii) Provision For Leave Salary A/C Dr
To Bank A/c
| Is This Answer Correct ? | 51 Yes | 8 No |
Answer / shameemudheen
1 Entry has to pass on every month end
Leave Salary DR
Provision for Leave salary CR
(Being Leave salary expenses)
2nd entry should pass agaist the first entry
Provision for Leave salary DR
Bank AC CR
(Being leave salary expenses paid from bank subject to provision made (specific month)
| Is This Answer Correct ? | 8 Yes | 0 No |
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