- This topic has 1 reply, 2 voices, and was last updated 11 months ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Dear Sirs,
With reference to Example 1 under the Employment Benefits lecture, the $6m benefits paid out is deducted from the Pension Asset as well as the Pension Liability. I was wondering how the double entry works with this $6m, as there is no mentioning of this $6m as a cash outflow in the lecture?
CR Asset – $6m
DR Liability – $6m
CR Cash – $6m??Thanks and Regards,
Tim
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.