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The journal entry by the employer to record the contribution of $90 000 received by...

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Accounting

The journal entry by the employer to record the contribution of $90 000 received by the superannuation fund from the employer with a defined benefit superannuation plan during the year is:

No journal by the employer.

"Dr Net defined benefit asset/liability $90 000, Cr Bank $90 000 "

"Dr Current service cost (OCI) $90 000, Cr Net Defined Benefit Liability $90 000"

"Dr Current service cost (P/L) $90 000, Cr Bank $90 000"

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