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Salary at year end

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(Querist)
23 May 2014 Suppose the Company has a payroll cycle of 21st - 20th of every month and makes the payment on 5th of next month.
On year end - the company should provide for the salary expense of 11 days as at 31st March, 2014.
My question is whether it will be credited to Provision or salary payable?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
23 May 2014 should go to provision since as on 31 March, it is not payable.
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Rupesh Jain

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Rupesh Jain (Expert)
23 May 2014 yes you have to make provision for exp. for the period ending 31.3.20....
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