Ledger entries

ubhat (Others) (40 Points)

17 May 2015  

in our co. in March 2015 ,5 persons retired but their gratuity is being paid in May 2015 only.the accounts is yet to be finalised.we have made provision for approx 23 lacs towards this in provision for expenses(31st march 2014).so when paying the gratuity in current year what are all the entries to be made.please help i am a non finance man in finance dept.

also whether it was correct to post in prov for expenses.

other ledgers available are -gratuity workman,short term gratuity add.

p.s. trial balance has been run and schedules prepared for 2041-15.we are using baan erp