Provision

Nee4ne (accountant) (47 Points)

30 July 2019  

We want to make provision for brokerages(for multiple brokers) on 31st march.
brokers are already having previous year balances
can i  make entry like this

Dr. to Brokerages Expenses & Credit to Individual Broker a/c. 
or
Dr. to Brokerages Expenses & Credit to Brokerages Payable

how it will be shown in Balance Sheet