Group gratuity scheme in lic
This query is : Resolved
21 April 2013
The Company has taken a Group Gratuity Scheme from LIC and has paid Rs. 125,000 towards the same.
Please suggest me regarding the journal entries to be booked and the accounting treatment of the same in Revised Schedule VI.
Please suggest me regarding the journal entries to be booked and the accounting treatment of the same in Revised Schedule VI.
CMA Ramesh Krishnan
(Expert)
09 September 2013
incase you have liability, you can debit the liability and credit the bank, otherwise debt as prepaid gratuity
need to show under other provisions
need to show under other provisions
CMA Ramesh Krishnan
(Expert)
09 September 2013
incase you have liability, you can debit the liability and credit the bank, otherwise debt as prepaid gratuity
need to show under other provisions
need to show under other provisions
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- ETDS return q4 25-26
- Tax on Amount transferred in HUF Account
- Intimation under section 245
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
