what is the differece between salary and remuneration?

Answer Posted / sashirekha

salary is fixed by the organisation for the various levels
of the organisation , for ex, govt. and quasi govt.
organisation . no deviations are allowed at any level.
full revision only possible. remunaration is the amount one
can claim or one has to give for the value of service
extracted or rendered. one salaried person may not be
remunerated properly. remunaration is bargainable.
understand the mild differance

Is This Answer Correct ?    20 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

1.what is the entry of petrol of payment made by credit card of owner? 2.what is the entry of petrol of payment made by credit card of Company?

881


What is cost accountancy?

777


Can anybody tell me diference between provisions of Profit and Loss account prepared as per company act & Income Tax Act?

1452


Does the accounting system appear to facilitate one specialty from financial, auditing, or cost managerial or tax accounting over the others?

631


Can you name different branches of accounting?

613






Tell me where do generally accruals appear on the balance sheet?

512


Proprietor paid amount of Rs. 11060/- for car insurance. Pass Journal.

1000


Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.

2042


how pass journal entry in the month ending for input vat and out put vat

1758


WHICH QUESTIONS ASKED IN EPFO IN 2009.

1507


My company sent this party goods 62750 this goods is loss sundorbhan paribahan. how to create voucher

1753


The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.

1305


adjustment entry showing in tally such as outstanding salary prepaid salary etc.

2756


what is the defination of mat n calculation of mat... with example this is applicable in company or firm, pl. discribe me.....thanx ashok

1651


How will service tax & excise be charged?

645