Journal Entry For Provision For Salary
Salary Provision Definition And Meaning | Salary Provision Adjusting Entry Provisio n for Salary is an estimation of salary paid by company / corporation to an employee at the end of the accounting period. It is a Current Liability to show on Balance Sheet . The Adjusting Entry to record it is as follows: Salary a/c XXX Provision For Salary a/c XXX (Provision For Salary is Created For the Month) At the end of the month, when the company actually paid salary to an employee, then the...