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Topic: Net asset accounting - Pension Trust (

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CPASTONE
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Joined: 12 Jul 2010
Online Status: Offline
Posts: 95

Posted: 24 Jul 2010 at 01:55 \| IP Logged

The net assets may include reserves for both employer and employee contributions, as
well as any actuarial deficiency for the employer's contributions. Net assets are
typically reported in a single line item titled "Net Assets: Held in trust for pension
benefits and other purposes."
DR Reserve for employer's contributions $XXX
DR Actuarial deficiency in reserve XXX
DR Reserve for employees' contributions XXX
CR Pension net assets $XXX

Pls explain what is happening here?

Becker 2009. F8-63

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