Reversal of gratuity
This query is : Resolved
ANIL SHARMA
(Querist)
25 June 2015
HOW DO WE REVERSE GRATUITY PROVISION MADE IN ACCORDANCE TO ACCOUNTING STANDARDS 15 KINDLY GIVE THE RELEVANT JOURNAL ENTRIES AT THE EARLIEST KIND REQUEST
CMA Ramesh Krishnan
(Expert)
25 June 2015
While creating the provision
Dr: Gratuity expenses
Cr: Provision for Gratuity
while reversing
Dr: Provision for gratuity
Cr: Gratuity expenses
Dr: Gratuity expenses
Cr: Provision for Gratuity
while reversing
Dr: Provision for gratuity
Cr: Gratuity expenses
07 August 2022
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