Question

15. On the date of dissolution of
Partnership firm, Workmen Compensation
Reserve appears on the liability side of
Balance Sheet Was Rs.60,000. Liability for
workmen compensation came Rs.20,000.
How much amount of workmen
compensation reserve will be transferred to
Realization Account?

1.Rs.60,000
2.Rs.20,000
3.Rs.40,000
4.No WCR will be transferred to
Realization Account.​

Answer 1

Answer:

amount equal of the claim ₹20000