Provision

This query is : Resolved 
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(Querist)
30 July 2011 Dear Sir,

If we make a provision entry for EPF paayble in the last year for Feb & March & teh same is paid in current month.So should i reverse that provision entry or not.
Kindly help me in that.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
30 July 2011 After making correct liability entry then you reverse the provision. Payment only against the liability
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