Dear Members,
Our Company had made a provision for proposed Dividend and DDT in 2014-15 Rs.15Cr. and Rs. 2.5Cr .
But Actual Payment was made after AGM was Rs.12Cr. and Rs. 2Cr.
Please advise the entries to reverse the excess provision.
Menu
Entry for last year provision reversal
Replies (1)
Debit the provision for Dividend a/c and credit P & L a/c with the difference amount between provision amount and actual paid amount
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
