final accounts
This query is : Resolved
Guest
Guest
(Querist)
15 March 2011
while preparing the final accounts of companies,it is given that the 'estimated liability for gratuity at present is 211000'
should any provision be provided for the same?
should any provision be provided for the same?
Neeraj Bansal CA
(Expert)
15 March 2011
yaa you have to make a provision for the same one effect will be on the p/l and other on the current liability head
15 March 2011
Agreed, You have to make provision according to Accounting standard 15.
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