Provision
This query is : Resolved
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.
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.
30 July 2011
After making correct liability entry then you reverse the provision. Payment only against the liability
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