reverse entry for provision for salary where it is made and
how it is
Answer Posted / smita
when provision is made:-
salaries Dr.
To prov. for salaries A/c
To Bank A/c.
P&L A/c Dr.
To Salaries A/c
When provision is reversed :-
Prov. for salaries A/c Dr.
To Bank A/c.
| Is This Answer Correct ? | 5 Yes | 2 No |
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