salary provision entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2010
what is salary provision entry
Guest
Guest
(Expert)
08 August 2010
debit to the salary expense account
and
credit to the expenses payable or provision for expenses account
and
credit to the expenses payable or provision for expenses account
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08 August 2010
Salary provision entry is the salary expenses we are providing in the same month as accural base, because generally Salary will be paid in the next month. so for this purpose we are providing the expenses for the related month
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08 August 2010
yes,Provisional entry is the entry which in done when your accounting system is mercentile and mostly entry happened in march...
onemore thing If NGO has to claim grant then they always doing Provisional Entries to claim expenditure as grant.
onemore thing If NGO has to claim grant then they always doing Provisional Entries to claim expenditure as grant.
Message likes :
1 times
08 August 2010
Salary A/c Dr.
to P.F. Employees Contribution
To ESI Employees Contribution
To PT Employees Contribution
to Staff Loan
to Payable Salary
to P.F. Employees Contribution
To ESI Employees Contribution
To PT Employees Contribution
to Staff Loan
to Payable Salary
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2 times
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