AS - 15

A/c entries 480 views 1 replies

Management Accountant

89 Points Joined June 2009

Hi friends,

Can u guide me on following matter :-

1) IN case of Defined Benefit obligation, if we are paying Contributions to LIC, then the amount paid as premium will go in which account ?

Thanks

Chetan

Replies (1)

Chartered Accountant

238 Points Joined June 2009

it is expenditure to the company so charged to revenue in a approprite account

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