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Difference between workman compensation reserve and …

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Difference between workman compensation reserve and workman compensation fund

Posted by Samta Yadav 3 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 3 years, 6 months ago

Workmen Compensation Fund and Workmen Compensation Reserve both are same. There is no difference between these two.
In response to your second query, at the time of Admission of a Partner, if there is no liability against it then it is transferred to Partner's Capital A/c in the Old-Profit Sharing Ratio and if thee is any liability against it then the after deducting the liability rest of the amount must be transferred to Partner's Capital A/c in the Old Profit Sharing Ratio.

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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