**Explanation of Workmen Compensation Reserve**

The workmen compensation reserve is a financial provision made by an organization to cover its potential liability towards workmen compensation claims. It is an amount set aside to ensure that the company has enough funds to compensate employees in case of work-related injuries, disabilities, or illnesses.

**Liability Assessment**

In this scenario, the workmen compensation reserve stood at $100,000. This means that the company had set aside $100,000 specifically to cover workmen compensation claims. However, it is also mentioned that the liability in respect of it was ascertained at $100,000.

When the liability in respect of the workmen compensation reserve is ascertained, it means that the company has determined the exact amount of money it will need to fulfill its obligations towards workmen compensation claims. This assessment takes into account various factors such as the number of employees, their salaries, the nature of their work, potential risks, and historical data on work-related incidents.

**Implications of Liability Matching Reserve**

In this case, the liability was ascertained at $100,000, which matches the amount held in the workmen compensation reserve. This indicates that the company has accurately estimated its potential liability and has set aside an appropriate amount of funds to meet these obligations.

Matching the liability with the reserve has several implications.

1. Financial Stability: By accurately assessing the liability and having sufficient reserves, the company demonstrates its financial stability and ability to fulfill its legal and moral obligations towards its employees.

2. Risk Mitigation: Having a well-funded workmen compensation reserve helps mitigate the financial risks associated with work-related incidents. It ensures that the company can promptly compensate employees, reducing potential legal disputes and reputational damage.

3. Compliance: Adequate provisioning for workmen compensation liabilities ensures compliance with legal requirements and labor regulations. It demonstrates the company's commitment to upholding the rights and well-being of its employees.

4. Future Planning: Assessing liabilities and maintaining appropriate reserves also allows the company to plan for future expenses. It helps in budgeting, forecasting, and taking proactive measures to minimize work-related incidents.

In conclusion, having a workmen compensation reserve and accurately matching it with the liability assessment is crucial for an organization to fulfill its obligations towards workmen compensation claims. It ensures financial stability, risk mitigation, compliance, and future planning.