Home › CBSE Class 11 (Commerce) › Accountancy › Depreciation, Provisions and Reserves › Which fund is created to meet claims of workers …
Which fund is created to meet claims of workers due to accidents?
ADividend equalisation
BGeneral reserve fund
CCapital reserve fund
DWorkmen compensation fund
Answer & Solution
Correct answer: D. Workmen compensation fund
This specific fund is set aside to pay workers' claims arising from accidents.
Related questions
Depreciation of a machine is debited to which statement?Which feature must a depreciable asset have?Which asset type is depreciated under the depreciation rules, in line with AS-6?A reserve may be set up to meet which future need?Making an excessive provision for doubtful debts may result in what?Which of these can build a secret reserve?Charging higher depreciation than required creates which kind of reserve?A secret reserve differs from an ordinary reserve because it does what?