Gratuity
This query is : Resolved
aditigoyal
(Querist)
11 January 2013
if a company has not made grauity provision but it wants to make the provision for gratuity now....how it will make it ?wheather company has to make the provision from begining???
11 January 2013
Hi
Gratuity is liability that will arsing for employee working on the last date for FY/period for which accounts are prepared.
Since its to be paid for employee on payroll on last working date it amounts will keep changing every FY/period.
So even if you have not booked liability before you can make provision against the same in current FY.
There is no need to book liability from beginning.
Thanks!!
Gratuity is liability that will arsing for employee working on the last date for FY/period for which accounts are prepared.
Since its to be paid for employee on payroll on last working date it amounts will keep changing every FY/period.
So even if you have not booked liability before you can make provision against the same in current FY.
There is no need to book liability from beginning.
Thanks!!
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