Assertion: remuneration reserve | /r/AtLocation | the balance sheet
Facets:
Source sentences:
text: When a reasonable estimate of liability of workmen compensation can be made at the time of reconstitution of firm and such estimate of liability is more than the balance of Workmen compensation reserves shown in the Balance Sheet, the liability will be created in the books by adjusting the loss firstly from the workmen compensation reserve and the balance of loss will be treated as a loss on revaluation of assets and liabilities at the time of reconstitution of the firm to be debited to Revaluation Account.