CARO
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 June 2010
CARO - While determining cash losses incurred during the year whether the provisions made towards the followings should be adjusted to the profit and loss a/c
- Leave encashment
- gratuity
- bonus
- income tax etc.
PLEASE ADVICE...
- Leave encashment
- gratuity
- bonus
- income tax etc.
PLEASE ADVICE...
12 June 2010
In order to determine the figure of cash loss for the financial year, the figure of profit/loss shown by the profit and loss account is adjusted for the effects of transactions of a non-cash nature such as depreciation, amortisation, deferred tax expenses, etc.
So it is to be adjusted for provision for leave encashment & gratuity if the same are a non funded one.
So it is to be adjusted for provision for leave encashment & gratuity if the same are a non funded one.
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