What is the difference between employees provident fund and employees compensation reserve Also explain their treatment at the time - Accountancy - Dissolution of Partnership Firm

Question

What is the difference between employees provident fund and
employees compensation reserve? Also explain their treatment at the
time of dissolution

Meghna · Accepted Answer

emplyoyee provident fund is not dristibuted and emplyoee workmen
comprnsation is dristibuted

in dissolution employee compensation reseve is shown on credit of
partners capital account and employee provident fund is show as
liabilty in realisation account

What is the difference between employees provident fund and employees compensation reserve? Also explain their treatment at the time of dissolution