When will WCR be shown in balance sheet? Is it not shown everytime there is a claim against it?
Pragya,
Please follow the below link and go through the study material available for Lesson-3 from this chapter.
https://www.meritnation.com/cbse-class-12-commerce/accountancy/textbooks/reconstitution-change-in-existing-profit-sharing-ratio/studymaterial/59_17_435_8620_15885
Scroll down to the topic 'Treatment of Workmen Compensation Reserve and Contingency Reserve'.
Please follow the below link and go through the study material available for Lesson-3 from this chapter.
https://www.meritnation.com/cbse-class-12-commerce/accountancy/textbooks/reconstitution-change-in-existing-profit-sharing-ratio/studymaterial/59_17_435_8620_15885
Scroll down to the topic 'Treatment of Workmen Compensation Reserve and Contingency Reserve'.