Is provision of gratuity current liability as per revised schdule vi ?
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Provision of gratuity
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Acturial will ascertain companies' liability towards gratuity and would bifurcate it into two parts-Current Liabilty and Non cuurent Liabilty.so,not total amount of gratuity wil be shown as current only the portion which is expected to arise within one year from the balance sheet date will be Current liabilty.
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