entries for gratuity provision
This query is : Resolved
17 September 2010
I dont know how to account for gratuity in the books pls tell me the exact entries that shd be posted to the books. i know it is to be charged to personnel and the credit is for the gratuity payable
By concern is abt the reversal of the gratuity provision during the year.
Pls help.
By concern is abt the reversal of the gratuity provision during the year.
Pls help.
17 September 2010
At the time of Provision of Gratuity
1. Gratuity A/c Dr.
To Gratuity Payable
2. At the payment
Gratuity Payable Dr.
To cash
1. Gratuity A/c Dr.
To Gratuity Payable
2. At the payment
Gratuity Payable Dr.
To cash
18 September 2010
agree.
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