Discussion
According to COST ACCOUNTING STANDARD-7 relating to EMPLOYEE COST, which of the following is excluded for the purpose of measuring employee cost
Answer: A
Remuneration paid to a non-executive director is excluded from employee cost. Under the cost accounting standard on employee cost, the cost covers payments made to employees, whether in cash or kind, the gross amounts including all allowances and benefits, and any perquisites provided by the employer; these three are listed as parts of employee cost. A non-executive director is not an employee in the sense of the standard, so his remuneration is left out. The answer follows the printed key.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development