Financial statements of companies

NCL: long term provision

Himanshu Somani

CA Final

★ 97K+

05-Aug-21 10:58

Who is maintaining the gratuity fund

Sudha Reddy

CA Final

★ 20K+

05-Aug-21 11:12

Gratuity fund trust AC will not appear in the company's books, separate books and bank account has to be maintained by trust. (Designated bank AC may with the trust if it is so it will not appear in the balance sheet of the company.) Provision for gratuity (expenses). Dr To gratuity provision (liability). Cr Gratuity provision is shown as non-current liability

Sudha Reddy

CA Final

★ 20K+

05-Aug-21 11:19

Thank you so much ma'am

Thread Starter

Rithani R.C

CA Inter

★ 4K+

05-Aug-21 14:38