Question
The journal entry for an employer to record an Actuarial gain of $9 000 from a change in discount rate is: Dr Net Defined Benefit
The journal entry for an employer to record an Actuarial gain of $9 000 from a change in discount rate is:
"Dr Net Defined Benefit asset/liability $9 000, Cr Superannuation expense (P/L) $9 000"
No journal in the employer.
"Dr Superannuation expense (P/L) $9 000, Cr Bank $9 000"
"Dr Net Defined Benefit asset/liability $9 000, Cr Superannuation gain (OCI) $9 000 "
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Financial Accounting A Business Perspective
Authors: Roger H. Hermanson, James Don Edwards
7th Edition
0072289988, 978-0072289985
