Please explain this problem... What is the accounting treatment?
ACCOUNTANT (Student) (559 Points)
04 June 2020Please explain this problem... What is the accounting treatment?
sabyasachi mukherjee
(26047 Points)
Replied 05 June 2020
ACCOUNTANT
(Student)
(559 Points)
Replied 06 June 2020
Sorry sir.. I'm trying to attach a file but it is not getting uploaded... Thank you for your explanation
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 06 June 2020
We make provision for gratuity at year end.
Gratuity Dr
To provision for gratuity (long term & short tern)
When the employee leaves, the provision account is debited and bank is credited.
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