Question : ___________________________ refers to the amount paid to employee by employer for rendering the productive service.
Option 1: Compensation of employees
Option 2: Wages and salaries in cash
Option 3: Wages and salaries in kind.
Option 4: Employers contribution to social security scheme.
Answer (1)
13th Jan, 2024
Correct Answer: Compensation of employees
Solution :
Compensation of employees refers to the amount paid to employee by employer for rendering the productive service.
Compensation of employs includes the following
Wages and salaries in cash
Wages and salaries in kind
Employers contribution to social security scheme.
Wages and salaries in cash
Wages and salaries in kind
Employers contribution to social security scheme.
Hence, Option A is correct.
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