As 15
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 April 2014
Pls guide with example for accouting entry for gratuity & leave encashment as per actuarial report in books of accounts.
Rupesh Jain
(Expert)
22 April 2014
AS ACTURIAN VALUATION REPORT AMOUNT WILL REFLECT IN YOUR BOOKS
SUPPOSE I BOOK LEAVE ENCASHMENT AMOUNT PAYABLE IS RS. 456890 AND AS REPORT IT COME RS. 756890
THEN YOU MAKE PASS ENTRY OF DIFF AMOUNT
LEAVE ENCASH MENT EXP A/C 300000
TO LEAVE ENCASH MEENT PAYABLE A/C 300000
SAME IN GRATUITY
WITH DIFF. AMOUNT
GRATUITY EXP
TO GRATUITY PAYABLE A/C
SUPPOSE I BOOK LEAVE ENCASHMENT AMOUNT PAYABLE IS RS. 456890 AND AS REPORT IT COME RS. 756890
THEN YOU MAKE PASS ENTRY OF DIFF AMOUNT
LEAVE ENCASH MENT EXP A/C 300000
TO LEAVE ENCASH MEENT PAYABLE A/C 300000
SAME IN GRATUITY
WITH DIFF. AMOUNT
GRATUITY EXP
TO GRATUITY PAYABLE A/C
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