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.


Team Careers360 1st Jan, 2024
Answer (1)
Team Careers360 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.
Hence, Option A is correct.

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