Please Help: Quaterly provision for gratuity and leave encashment
Posted Date : 15-Oct-2011 , 02:00:27 pm | Posted By: Ashish Sanghi
Category :
Accounts | Answers :
0|
Comments :
1| Hits: 639
|
|
Dear friends, What is basis for computation of provsion for gratuity and leave encashment. If a listed company is making provision of gratuity and leave encashment during the quarter ended 30.09.2011 on the basis of acturial valuation of 31.03.2011 then whether it is as per AS-15 or it requires to obtain quaterly acturial valuation. if there is any other solution pls reply for the same. |
 |
|
|
|
| Comments |
| Posted By : Unmesh |
02-Nov-2011, 01:55:39 |
| as per AS-15 actuarial valuation has to be done as on balance sheet date which may be 30-09-2011 for quarterly reporting, so actuarial valuation should be done, any other arrangement may be qualified by the auditors while auditing quarterly results |
| |
|
|
|
|
