Accounting of Superannuation Trust
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 June 2011
Hi,
In a Superannuation Trust, where every month contribution is made which directly is deposited in Bank
What will be the entry if contribution for the month of March 2009 has came in Bank in April 2009 and also the cheque was isuued on a date in April.
Can an entry be passed showing provoision for month of March on Accrual Basis or not?
Pls answer
In a Superannuation Trust, where every month contribution is made which directly is deposited in Bank
What will be the entry if contribution for the month of March 2009 has came in Bank in April 2009 and also the cheque was isuued on a date in April.
Can an entry be passed showing provoision for month of March on Accrual Basis or not?
Pls answer
CA Pushpendra Gaur
(Expert)
10 October 2011
Yes you can pass the the entry as provision in the month of March by booking the liability
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