Provision entry

This query is : Resolved 

11 January 2012 Dear Sir,

Please how to pass provision entry

12 January 2012 Dear Sir,

Please how to pass provision entry for monthly basis

12 May 2012 Expense A/c Dr
To Provision for Expense

Next month the entry will be reversed in the beginning of the month:

Provision for Expense A/c Dr
To Expense

At month end provision will be created with revised estimated amount

Expense A/c Dr
To Provision for Expense


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