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Gratuity entries

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 December 2011 RESPECTED SIR,
I WANT TO KNOW HOW TO MAKE GRATUITY ENTRIES IN MY ACCOUNT BOOKS.
PLS PROVIDE ME ACCOUTING ENTRIES OF GRATUITY
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Ravi Jhamb

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Ravi Jhamb (Expert)
02 December 2011 You will make the provision of Gratuity by doing below entries:-

Gratuity A/c Dr.
To Provision for Gratuity A/c

At the time of payment to employee after completion of Job and Retirement.

Full Final A/c
Provision for Grauity
To Bank

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