give the journal entry to distribute ' WORKMEN COMPENSATION RESERVE' of Rs. 70,000 at the time of retirement of neeti when there is a claim of Rs. 25,000 against it. The firm has three partners raveena, neeti and rajat.
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just less the claim occurred in WCR ie, 25000
and then remaining 45000 distribute among the partners by:- WCR A/C ....Dr.
To all the partners
and then remaining 45000 distribute among the partners by:- WCR A/C ....Dr.
To all the partners
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