Gratuity
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 February 2015
sir
regarding provision for gratuity and leave benefit
i want to know while creating file in tally
gratuity which account head indirect expenses or not
regarding provision for gratuity and leave benefit
i want to know while creating file in tally
gratuity which account head indirect expenses or not
04 February 2015
As per me it should b recorded as deposits under liability. Coz, the Employer has to pay Gratuity to the employees after termination of his/her services with the employer.
And if u r asking about payment of gratuity to the employee, then it should b recorded as expenses(Indirect).
And if u r asking about payment of gratuity to the employee, then it should b recorded as expenses(Indirect).
04 February 2015
For software companies, gratuity expense can be a direct expense. Just check the nature of business to define if this is a direct expense or indirect expense.
04 February 2015
HI,
THERE WILL BE TWO LEDGER YOU NEED TO CREATE
1. PROVISION FOR GRATUITY ( LONG TERM LIABILITIES AND PROVISION)
2. GRATUITY EXPENSES ( GROUPED UNDER PAYROLL EXPENSES)
THANKS
DEVEN
THERE WILL BE TWO LEDGER YOU NEED TO CREATE
1. PROVISION FOR GRATUITY ( LONG TERM LIABILITIES AND PROVISION)
2. GRATUITY EXPENSES ( GROUPED UNDER PAYROLL EXPENSES)
THANKS
DEVEN
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
