After amendment of Workmen's Compensation Act, in $2009$ , enhancement in minimum compensation payable from Rs. $80, 000$ to Rs. ________ (in case of death).

1, 20, 000

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1, 40, 000

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1, 00, 000

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1, 10, 000

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Solution

The correct option is A $1, 20, 000$
After amendment of Workmen's Compensation Act, in 2009, enhancement in minimum compensation payable from Rs 80000 to Rs 120000(in case of death). Workmen's Compensation Act, 2009 deals with right of working people. It creates provision to make the payment to employees in case of injury or accident.

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A, B and C are partners sharing profits and losses in the ratio of 2:2:1. They admitted D for $\frac{1}{4} t h$ share with effect from 1st April, 2017. An extract of their Balance Sheet as at 31st March, 2017 is as follows:

$\begin{matrix} Capital and Liabilities & Rs & Assets & Rs Workmen Compensation Reserve & 80, 000 \end{matrix}$

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Case 3. If a claim for workmen compensation is estimated at Rs 80,000.

Case 4. If a claim for workmen compensation is estimated at Rs 1,00,000.

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After amendment of Workmen's Compensation Act, in 2009, enhancement in minimum compensation payable from Rs.80,000 to Rs. ________ (in case of death).

After amendment of Workmen's Compensation Act, in $2009$ , enhancement in minimum compensation payable from Rs. $80, 000$ to Rs. ________ (in case of death).