Provision for gratuity is classified under the head provisions in the balance sheet of the company.

secured

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short-term

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long-term

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unsecured

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Solution

The correct option is C long-term
Liability for gratuity is a long term liability, so it's provision is also classified under the head Long term provision.

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Provision for gratuity is classified under the head provisions in the balance sheet of the company.

The correct option is C long-term Liability for gratuity is a long term liability, so it's provision is also classified under the head Long term provision.

The correct option is C long-term
Liability for gratuity is a long term liability, so it's provision is also classified under the head Long term provision.