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Journal entryIntermediatePublished

Question · Other long-term benefits

The long-service bonus of Pavane SA is an other long-term benefit (case data). Its liability increases by 29,400 for service cost, 4,100 for interest and 5,100 for a remeasurement loss, with no payment in the year. Post the entry for the year.

Service cost for the year
29,400
Interest for the year
4,100
Remeasurement loss for the year
5,100
Your answer
  1. Line 1

    Account Employee benefit expense in profit or loss

  2. Line 2

    Account Liability for other long-term benefits

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