Hi Expert.
We are going to provision for creditor (party). suppose we have 100 creditors, out of 100 creditors we are going to create provision for creditors only 10 to 15 creditors. please tell me the provision entry & reverse entry.
debasishsahu9 (accountant) (27 Points)
27 June 2016Hi Expert.
We are going to provision for creditor (party). suppose we have 100 creditors, out of 100 creditors we are going to create provision for creditors only 10 to 15 creditors. please tell me the provision entry & reverse entry.
Shubham Gupta
(Business Consultants)
(2077 Points)
Replied 27 June 2016
Creditors A/c Dr
To Provision for creditors
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