on 06-06-2008 9:17 AM
PLS ANYBODY EXPLAIN PROVISION ENTRY T.CODE
Hi Rohit,
In financial accounting, provisions are liabilities similar to accruals, for which the amount or probability of occurrence are not known. Hence a charge is created with an expected amount and which is finally considered on a future date on happening or non happening of that event.
J1INPR is the T code for Provison for Taxes on Services received.
For rest, normal Journal entry can be passed.
Hope it solves your doubt...please assign points, if it does.
Regards,
Saurabh Agarwal
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Hello,
For Provision Entry U can use simple JV Entry through
FB50
Regards
Ravi
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