Employee benifit ..

This topic has 1 reply, 2 voices, and was last updated 9 years ago by winch91.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
November 6, 2016 at 4:55 pm #347723
falak
Member
- Topics: 7
- Replies: 15
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
Participant
- Topics: 1
- Replies: 3
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
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.