Accountancy, asked by mayankmiddha396, 7 months ago

what will be the treatment in balance sheet if there is a claim for workmen compensation in question?

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Answered by singhpayal8920

ANSWER

The treatment at the time of admission/retirement/ death for this reserve is given below: (A) There no claim for compensation/ no ... Answer: ... Workmen Compensation reserves are having a credit balance and appear in the Balance Sheet on the liability side of the Balance Sheet.

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