Claim paid to worker due to death on duty

A/c entries 860 views 3 replies

Dear Sir,

Our Company has paid Rs.eight lacs to a workers nominee due to death on duty time.Please advise the accounting entry and account head to which it is to be debited.

Regards 

Replies (3)

Compensation to Emploees A/c dr(Indirect Expense head)

    To Bank A/c

Thanks Animesh ji

Thanks Animesh ji


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