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final accounts

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15 March 2011 while preparing the final accounts of companies,it is given that the 'estimated liability for gratuity at present is 211000'
should any provision be provided for the same?
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Neeraj Bansal CA

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Neeraj Bansal CA (Expert)
15 March 2011 yaa you have to make a provision for the same one effect will be on the p/l and other on the current liability head
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
15 March 2011 Agreed, You have to make provision according to Accounting standard 15.
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