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past service cost

This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.

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May 24, 2023 at 8:57 pm #684968
humai
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Sir for positive past service cost the accounting entry is Dr PNL and Cr DBO? or is it Dr DBO and Cr PNL?
May 25, 2023 at 6:51 am #684977
Stephen Widberg
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Don’t know what you mean by ‘positive’.
Extra expense = DR P&L CR DBO
Less expense = DR DBO CR P&L
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