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Question

The workmen compensation reserve has a balance of Rs. 70,000 and a claim of Rs. 10,000. So, rupees can be transferred to realisation account.

A
60000
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B
70000
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C
80000
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D
10000
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Solution

The correct option is D 10000
The workmen compensation reserve has a balance of Rs. 70,000 and a claim of Rs. 10,000. So, Rs. 10,000 can be transferred to realisation account by debiting workmen compensation reserve account and crediting realisation account.

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