reverse entry for provision for salary where it is made and
how it is

Answer Posted / narasimharao

PROVISION FOR SALARY A/C DR

TO SALARY A/C

(OR)

SALARY PAID

PROVISION FOR SALARY A/C DR
TO BANK OR CASH

Is This Answer Correct ?    1 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.

1529


sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.

2878


In accounting, vat abbreviates what?

722


In South Africa , the current rate for value added tax is ?

1213


How to Automate requirment mapping in QC?

1513






please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com

1473


Explain what is liabilities and what all does include in current liabilities?

646


During execution of Works Contract,If Contractee(Customer) supply goods to contractor, then it should be shown in Invoice as deduction or no need to show in Invoice.

1236


What do we mean by purchase return in accounting?

644


What is the definition of manual accounting?

745


What are the activities that are included in the cash flow statement?

573


Hi sir, Our appointed one agent for sales promotion activities. This agent doing the job "canvas of our product". My quires 1)it is eligible for service tax and how to accounted. 2) this transaction is direct expenses or direct expenses? Pl suggest me

1312


Do you know retail banking?

745


Explain me your track record in previous jobs, specifically speaking to any mistakes you may have made. There is little room for error in accounting?

661


if cheque bounced what we received from customers and payed to bank what entry should we create in single entry system

1583