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Gratuity Provisioning
Whether all companies ( as per companies act ) are required to provide for gratuity ? supported by an actuarial certification ?
Replies (4)
Quick Summary
When reserves are doubtful provisions is required
But how is provisioning possible here?
Dr. Gratuity
Cr provision?
Gratuity is a liability and so a seperate provision must be created out of what?
If we act like an accounting techie
Dr. Gratuity expense in income statement
Cr. Gratuity liability
Thankyou. Any other reply by fellow members?
GRATUITY PROVISION IS GENERALLY MADE ON GRATUITY CALCULATION.
ON BASIC SALARY AND DA
ON BASIC SALARY AND DA
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