Vishwanath Kumbar (Senior Account Executive) (56 Points)
01 April 2013Dear Sir,
Please help me How to pass provision for expenses entry in accounting books
Regards,
Vishwanath Kumbar
Sumit Grover
(Chartered Accountant )
(3652 Points)
Replied 01 April 2013
Provision for expense A/c(P&L) A/C Dr.
Provision for expense A/c(B/S) A/C Cr.
Manikanth
(Chartered Accountant)
(342 Points)
Replied 01 April 2013
If u want to create a provision for any expenses, then the entry will be
Expense a/c Dr (charged to p&l a/c)
To Provision for exp's (shown it in B/S)
On Payment of those exp's, the following Journal entry will need to be passed
Provision for exp's a/c Dr (Reduce the provison amount in B/S w.r.t the expenditure u met)
To cash/Bank a/c (decreasing Cash/Bank bal)
Ganeshbabu K
(Audit and Tax Advisory)
(48564 Points)
Replied 01 April 2013
Prachi Bansal
(3129 Points)
Replied 09 March 2021
Can you please clarify your question? Do you mean to ask how to pass entry in tally for GST paid?
Prasad Deorukhkar
(2 Points)
Replied 11 June 2022
how to pass the GST set off & Gst paid entery in tally
CAclubindia
