Provision of gratuity as per as 15
This query is : Resolved
ANIL SHARMA
(Querist)
05 July 2015
Plt ltd co has to make provision for gratuity as per AS 15. The above provision need not be paid, then how to reverse it of is it we have to reverse the old provision and pass the new provision every year kindly explain and please give journal entries to that effect
CA R SEETHARAMAN
(Expert)
05 July 2015
Don't reverse the provision pass entry for only additional/reduction in provision.
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