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Encashment of Earned Leave-AS-15 (Accounts)

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This query is : Resolved


( Author )
02 August 2008

Our companys Leave encashment plan is unfunded in nature
So under actuary valuation fair value of plan assets not asertained. But as per actuary report they considered the benefits paid during 2007-08 as Acturial Gain on plan assets
is it correct treatment as per AS-15


S.Srinivasaraghavan

( Expert )
02 August 2008

Yes.


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