Accountancy, asked by avnicauhangmailcom, 9 months ago

how is workmen compensation fund shown in the balance sheet of partnership firm treated at tgr time if its dissolution​

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Answered by itsgagan
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Answer:

When there exist liability on account of claim for workmen compensation, and such claim amount is more than the amount fo Workment compensation reserves existing at the time of dissolution in the Balance Sheet, then whole of such reserves shall stand transferred to Realisation account and the liability on account of ...

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