Скачать или смотреть Module - 16 Adjustment of Workmen Compensation Reserve

Hello Students...
In this lecture we are going to discuss about the treatment of workmen compensation reserve in easy and conceptual language. Basically it is future unknown liability which is recorded due to prudence concept. It is shown on the liability side.There are some possibilities in the context of workmen compensation reserve
1. If amount of liability is more than the amount of reserve
2. If amount of liability is less than the amount of reserve
3. If amount of liability is equals to the amount of reserve
4. If amount of liability is NIL
5. If question is silent
Then solution will be according to that situation.
For the complete understanding of the above topic go through the entire lecture and keep supporting education insights.
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