Identify which of the following items will be shown in the Notes to Accounts on Employee Benefit Expenses:

(i) Wages

(ii) Salaries

(iii) Office Expenses

(iv) Staff Welfare Expenses

(v) Entertainment Expenses

(vi) Bonus

(vii) Leave Encashment Exp

(viii) Expenses on Employees Stocke Option Scheme.

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Solution

Items will be shown in the Notes to Accounts on Employee Benefit Expenses are:

(i) Wages

(ii) Salaries

(iv) Staff Welfare Expenses

(vi) Bonus

(vii) Leave Encashment Exp

(viii) Expenses on Employees Stocke Option Scheme.

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Similar questions

Identify which of the following items will be shown in the Note to Accounts on Other Expenses? (i) Salaries; (ii) Postage Expenses; (iii) Telephone and Internet Expenses; (iv) Rent for warehouse; (v) Carriage Inwards; (vi) Depreciation on computers; (vii) Computer Software amortised; (viii) Computer Hiring Charges; (ix) Audit fee; (x) Bonus.

Q. From the following information compute the amount to be shown in Note to Accounts on Employees Benefit Expenses: Wages ₹ 5,40,000; Salaries ₹ 7,20,000; bonus ₹ 1,05,000; Staff Welfare Expenses ₹ 60,000 and Business Promotion Expenses ₹ 50,000.

Out of the following, identify the items to be shown in the Notes to Accounts on 'Other Expenses' :

(i) Rent for factory

(ii) Internet Expenses

(iii) Carriage Inwards

(iv) Salaries

(v) Leave Encashment Exp

(vi) Commission Allowed;

(vii) Bad Debts written off

(viii) Audit fee

(ix) Depreciation on Computers

(x) Computer Software amortized

From the following information of Astha Ltd. for the year ended 31st March 2015, prepare Notes to Accounts on Employee Benefit Expenses:

(i) Wages Rs. 5,20,000

(ii) Medical Expenses Rs. 30,000

(iii) Salaries Rs. 7,40,000

(iv) Printing and Stationery Rs. 15,000

(v) Business Promotion Expenses Rs. 50,000

(vi) Gratuity Paid Rs. 1,50,000

(vii) Contribution to Provident Fund Rs. 1,10,000

Q. From the following information, prepare Note to Accounts on Employees Benefit Expenses:
Wages ₹ 2,70,000; Salaries ₹ 3,60,000; Staff Welfare Expenses 60,000; Printing and Stationery Expenses ₹ 20,000 and Business Promotion Expenses ₹ 50,000.

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Identify which of the following items will be shown in the Notes to Accounts on Employee Benefit Expenses: (i) Wages (ii) Salaries (iii) Office Expenses (iv) Staff Welfare Expenses (v) Entertainment Expenses (vi) Bonus (vii) Leave Encashment Exp (viii) Expenses on Employees Stocke Option Scheme.

Items will be shown in the Notes to Accounts on Employee Benefit Expenses are: (i) Wages (ii) Salaries (iv) Staff Welfare Expenses (vi) Bonus (vii) Leave Encashment Exp (viii) Expenses on Employees Stocke Option Scheme.

Items will be shown in the Notes to Accounts on Employee Benefit Expenses are:

(i) Wages

(ii) Salaries

(iv) Staff Welfare Expenses

(vi) Bonus

(vii) Leave Encashment Exp

(viii) Expenses on Employees Stocke Option Scheme.