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Provision

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(Querist)
09 September 2011 Dear Experts,

i have seeen in a balance sheet Liabilities for Expenses and Other creditors

in liabilities for exp.: showed electric ch payable, employer's contr. to pf payable, telephone ch payable ---such entries
wherein other creditors: showed employees contr to PF, tds payable, vat/cst payable etc...

my question is all are provision entries for 31st march and to be paid in next april so on, so how should i segregate such ledgers (to show in B.S) is there any law for it? please let me know
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CMA Ashutosh Kumar Gupta

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CMA Ashutosh Kumar Gupta (Expert)
09 September 2011 Pl. check the Liabilities Grouping and details thereof.
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