Accountancy, asked by officialpiyushdua9, 2 months ago

why Workmen Compensation Reserve is always Debited?

Answers

Answered by Anonymous

Answer:

If The Claim Is Higher Than The Amount Of Workmen Compensation Reserve: The amount of Workmen Compensation reserve is transferred to Provision for Workmen Compensation Claim Account and shortage being a loss, is debited to Revaluation Account.

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