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provisions entries

This query is : Resolved 
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(Querist)
07 April 2011 Respected sir,

I require closing entries : provision entries to be made for expenses & income
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CA Navin Jain

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CA Navin Jain (Expert)
07 April 2011 for income:-

party a/s or income receivable a/c dr
to income

for expenses

expenses a/c dr
to party a/c or expenses payable (Current liabilities)

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