Accounting Standards (AS) as per the Institute of Chartered Accountants of India (ICAI) are a set of guidelines and rules that govern the recognition, measurement, presentation, and disclosure of accounting transactions in financial statements. These standards are issued by the Accounting Standards Board (ASB) of ICAI ...

Gratuity is a sum of money that an employer pays an employee as a token of appreciation for their service. It is a lump-sum payment that is not made regularly.  How is gratuity paid? Gratuity is paid when an employee resigns or retires    It is also paid in other situations, such as whe...