Gratutity Accounting in Company's books
This query is : Open
12 September 2024
Private Limited Company - Holds fund in LIC for Gratuity and have actuary consultant as well. Now the situation, the present obligation amount payable under LIC & Present obligation amount as per actuary consultants report are not matching.. huge variance.
is there any way to reconcile that.. we are able to match only the fair value of assets between LIC & Actuary consultants report.
Kindly help its very urgent. Thanks in advance
is there any way to reconcile that.. we are able to match only the fair value of assets between LIC & Actuary consultants report.
Kindly help its very urgent. Thanks in advance
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