We are having gratuity fund account with LIC of india. My question is our SAP is showing different balance whereas fund balance is different in LIC of india
As per our system fund balacne is 58410309 whereas as LIC of india fund balance is 43783530
Is it correct or we need to pass necessary entries for who are claimed that means left employees amount
19 June 2018
Why there is difference? Did you pass entry for Gratuity settled employees in your system? Get statement from LIC and reconcile pass necessary entry.
CAclubindia
