Answer Posted / vishwas bhide
The most important factors to be considered while finalising "Compensation Structure" are -
1. Must be in line with 'Industry - cum Region' comparison
2. Employer's capacity to pay ( Profitability of the company)
3. Demand and supply situation of particular 'skill'
4. Location of the company ( General standard of living )
5. Some part must be linked with linked with Performance
6. Rewards for good achievement ( at Individual & Company level)
7. So9me part taking care of 'Inflation' ( concept of D. A. )
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Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the fifth year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% per annum at the end of the 5th year the securities were sold for Rs.62,200 and the old machinery was sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.Pass the journal entries and show the ledger accounts
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