ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

How to pass provision entry in tally

Vishwanath Kumbar (Senior Account Executive)   (56 Points)

01 April 2013  

Dear Sir,

 

Please help me How to pass provision for expenses entry in accounting books

 

Regards,

Vishwanath Kumbar


 6 Replies

Sumit Grover (Chartered Accountant ) (3647 Points)
Replied 01 April 2013

Provision for expense A/c(P&L) A/C Dr.

Provision for expense A/c(B/S) A/C Cr.

 

Manikanth (Chartered Accountant) (342 Points)
Replied 01 April 2013

If u want to create a provision for any expenses, then the entry will be

      Expense a/c    Dr (charged to p&l a/c)

              To Provision for exp's (shown it in B/S)

 

On Payment of those exp's, the following Journal entry will need to be passed

    Provision for exp's a/c  Dr (Reduce the provison amount in B/S w.r.t the expenditure u met)

           To cash/Bank a/c        (decreasing Cash/Bank bal)

Ganeshbabu K (Audit and Tax Advisory) (48504 Points)
Replied 01 April 2013

vikash choudhary (ACCONTANT) (23 Points)
Replied 01 June 2013

Thanks,,,,,,,

Gee Tha (2 Points)
Replied 12 February 2021

Gst paid amount how to entry pass in tally 

Prachi Bansal (3089 Points)
Replied 09 March 2021

Can you please clarify your question? Do you mean to ask how to pass entry in tally for GST paid?


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  





Subscribe to the latest topics :
Search Forum:

Trending Tags