How to pass provision entry in tally

Dear Sir,

 

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

 

Regards,

Vishwanath Kumbar

Replies (7)
Quick Summary
Provision for expenses is created by debiting expense and crediting provision account. Entry: Expense A/c Dr To Provision A/c. On payment: Provision A/c Dr To Bank/Cash A/c. Used to record unpaid expenses in books.

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

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

 

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)

/forum/tally-erp-9-sample-reports--244467.asp#.UVkwcZMZ115

Thanks,,,,,,,

Gst paid amount how to entry pass in tally 

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

how to pass the GST set off & Gst paid entery in  tally

 

 

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