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Why provisions are made & what will be the Journal entry
for different types of provisions.
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Answer Posted / sajjad1
When Provosion is Made then Pass This Entry
Gratuity Fund (Dr)
Provision for Grauity Fund (Cr)
When Its Occur
Provision for Grauiyy Fund (Dr)
Bank/Casg (cr)
| Is This Answer Correct ? | 43 Yes | 9 No |
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Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry
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