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Opening provision for gratuity

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2010 What would be the accounting treatment of provision for gratuity related to last FY for which valuation has been done in the current FY?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
12 August 2010 If general reserve is there then debit to general reserve.

Otherwise show it in P & L in appropriations.

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