insurance claim under WC act
This query is : Resolved
20 February 2009
how to treat the insurance claim received under workmen's compensation act by a company..??
21 February 2009
The amount is to be given to workmen, its entry wil be:
Bank (asset) ... Dr
To Workmen compensation (Liability)
Bank (asset) ... Dr
To Workmen compensation (Liability)
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