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Employee benefits

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Employee benefits

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by AvatarStephen Widberg.
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  • November 3, 2019 at 6:53 am #551475
    Avataralikhakar
    Participant
    • Topics: 186
    • Replies: 79
    • ☆☆☆

    When at the beginning of the year the defined benefit surplus assets was 200 and at the end it was 250. But at the end of the year the asset ceiling was equal to 230.
    What will be the accounting entries for this 20 reduction in assets at the year end? Assets will be credited by 20 and what about the debit entry?

    November 3, 2019 at 8:48 am #551479
    AvatarStephen Widberg
    Keymaster
    • Topics: 17
    • Replies: 3452
    • ☆☆☆☆☆

    Dr OCI Cr Asset

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