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Accounting of Superannuation Trust

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Querist : Anonymous

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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
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CA Pushpendra Gaur

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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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