Gratuity actuary valuation

vinay (accounting) (165 Points)

29 September 2011  

Dear Member,

We have maintained Gratuity with LIC trust. The Fund balance as per the trust as on 31st Mar 2011 is excess over the Book Balance we maintain. How should the difference be treated in books? Is there a need to treat this difference?

 

Thank you,

 

Vinay