Opening provision for gratuity
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2010
What would be the accounting treatment of provision for gratuity related to last FY for which valuation has been done in the current FY?
Aditya Maheshwari
(Expert)
12 August 2010
If general reserve is there then debit to general reserve.
Otherwise show it in P & L in appropriations.
Otherwise show it in P & L in appropriations.
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