Reversal of gratuity

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ANIL SHARMA (Querist)
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25 June 2015 HOW DO WE REVERSE GRATUITY PROVISION MADE IN ACCORDANCE TO ACCOUNTING STANDARDS 15 KINDLY GIVE THE RELEVANT JOURNAL ENTRIES AT THE EARLIEST KIND REQUEST

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 June 2015 While creating the provision

Dr: Gratuity expenses
Cr: Provision for Gratuity

while reversing

Dr: Provision for gratuity
Cr: Gratuity expenses

Nitin H

Nitin H (Expert)
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07 August 2022 For any assistance required with respect to Gratuity trust, superannuation trusts or any employee benefit schemes, do connect on below mentioned email id a1consultancyservices@yahoo.com. We are a 9 year old firm entrusted by many indian and multi national companies, we are specializing in the field of corporate employee benefits.

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