Reversal of gratuity
This query is : Resolved
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
25 June 2015
While creating the provision
Dr: Gratuity expenses
Cr: Provision for Gratuity
while reversing
Dr: Provision for gratuity
Cr: Gratuity expenses
Dr: Gratuity expenses
Cr: Provision for Gratuity
while reversing
Dr: Provision for gratuity
Cr: Gratuity expenses
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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