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I need the answer as soon as possible The following information relates to the defined benefit plan of Company X for the year to 31
I need the answer as soon as possible
The following information relates to the defined benefit plan of Company X for the year to 31 December 20X6. Rs. 000 At 1 January 20X6: Fair value of the plan assets Present value of the plan obligations 900 1,850 During 20x6: Current service cost Rs. 000 90 150 Contributions paid into the plan Benefits paid out by the plan 60 Actuarial assumptions: Discount rate 10% New actuarial valuation at 31 December 20X6: Rs. 000 850 Fair value of the plan assets Present value of the plan obligations 1,960 Construct a journal to show the movement on the defined benefit accountStep by Step Solution
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