This discussion clarifies that a bank account opened specifically for a Group Gratuity Trust should appear on the Trust's Balance Sheet, not the company's. It also touches upon the availability of straightforward formats for the Trust's Balance Sheet and Income & Expenditure account, which can be assisted by any accountant.
30 June 2023
If a Company maintains separate books of accounts of its Group Gratuity Trust then Bank account separately opened for the Gratuity Fund will be reflecting in the Company's Balance Sheet or in the Trust's Balance Sheet?