An employee of the patnership firm has been injured in a road accident and the firm has to pay ₹7000 to him. Pass the journal entry for this.

Revaluation A/c                                         Dr.. ₹7000
   To Workmen Compensation Claim A/c                     ₹7000
(Compensation paid)

As the employee is injured, the firm has to pay him from the workmen compensation reserve because it is a workmen claim. So, journal entry for this-
Revalution A/c                                          Dr.. ₹7000
To Workmen Compensation Claim A/c                         ₹7000