salary provision entry

This query is : Resolved

Share Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

08 August 2010 what is salary provision entry

Guest

Guest (Expert)

08 August 2010 debit to the salary expense account

and

credit to the expenses payable or provision for expenses account

Message likes : 1 times

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

08 August 2010 Salary provision entry is the salary expenses we are providing in the same month as accural base, because generally Salary will be paid in the next month. so for this purpose we are providing the expenses for the related month

Message likes : 2 times

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
Follow

08 August 2010 yes,Provisional entry is the entry which in done when your accounting system is mercentile and mostly entry happened in march...
onemore thing If NGO has to claim grant then they always doing Provisional Entries to claim expenditure as grant.

Message likes : 1 times

A. Sankaranarayana

A. Sankaranarayana (Expert)
Follow

08 August 2010 Salary A/c Dr.
to P.F. Employees Contribution
To ESI Employees Contribution
To PT Employees Contribution
to Staff Loan
to Payable Salary

Message likes : 2 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SUMAN SAHA

CA Rahul Patwardhan

T E SOUNDARARAJAN

Hanuma Yanduri

CA Bijo scaria

Subscribe Now

salary provision entry

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Article Assistant

Accountant

GST CONSULTANCY

GST CONSULTANT