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Employee benifit ..

This topic has 1 reply, 2 voices, and was last updated 8 years ago by winch91.

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November 6, 2016 at 4:55 pm #347723
falak
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Sir in defined benifit plan accounting .. While recording remeasurement in statemnt of other comprehensive income .. Why we eliminate benifits paid in from both the assets and liabilities ? Other things for instance contribution interests costs are not eliminated .. Please explain the reason ?
November 7, 2016 at 11:41 am #347845
winch91
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When you pay out of employee benefit pension, you are using assets to pay the employee – so assets reduce (CR) and because you have paid the employee some benefit your liability to provide pensions has also reduced (CR), overall effect on pension is nil
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