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Question

The workmen compensation reserve has a balance of Rs. 70,000 and a claim of Rs. 10,000. So,  rupees can be transferred to realisation account. 
  1. 60000
  2. 70000
  3. 80000
  4. 10000


Solution

The correct option is D 10000
The workmen compensation reserve has a balance of Rs. 70,000 and a claim of Rs. 10,000. So, Rs. 10,000 can be transferred to realisation account by debiting workmen compensation reserve account and crediting realisation account.

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