Extract of Balance sheet
Liabilities rs rs Assets rs rs
Workmen compensation: 10% Government loan against
Bombay 1 workmen compensation fund 3
Pune 2 3
Terms of reconstruction:
1. Workmen compensation fund disclosed the fact that the actual there was liability of 20000 only. As a result the relevant amount was to be brought to the required amount.
Pass the journal entry and pls explain.
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