Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the journal entry for the employer to record the b

The journal entry for the employer to record the benefits of $200 000 paid by...

70.2K

Verified Solution

Question

Accounting

The journal entry for the employer to record the benefits of $200 000 paid by the superannuation fund to ex-employees during the year is:

"Dr Current service cost (OCI) $200 000, Cr Net Defined Benefit Liability $200 000"

None of the answers.

"Dr Net defined benefit asset/liability $200 000, Cr Bank $200 000"

"Dr Current service cost (P/L) $200 000, Cr Bank $200 000"

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

For a pair of dice, if the discrete random variable is defined by χ= {█(1 if...

Statistics
Q

Given f(x) = exp x sinx. Find exact first derivative at x = 1.0. In addition,...

Advance Math
Q

-What is the meaning of engineering economy? - As students of Engineering College, why do you...

Economics
Q

Describe and demonstrate power over spirit nd other supernatural being between Virgil from the inferno and...

Operations Management
Q

An accounting clerk prepares his trial balance as of June 30, 20-and determines that total debits...

Accounting
Q

A thermodynamic system undergoes cyclic process ABCDA as shown in figure The work done by...

Physics
Q

8 int s 1 1 In order for RECT to be a rectangle what must...

Geometry
Q

If 3 x 6 7 5x are consecutive terms of a geometric progression G P...

Basic Math
Q

Use the dot product to determine whether v and w are orthogonal v 2i 2j...

Basic Math
Q

Y be a function and E F be subsets of Let h X Prove that...

Calculus
Q

Kindly answer the question if you are from PAKISTAN (i): Explain which strategy market skimming...

Accounting
Q

Case (please find questions below) VMD Medical Center Costing and Pricing at VMD MIC To...

Accounting