Compensation of Employees refers to amount paid to ____ by ____ for rendering ____ services.
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Compensation of Employees refers to amount paid to ____ by ____ for rendering ____ services.
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Compensation of Employees refers to amount paid to Employee by Employer for rendering productive services.
Explanation:-
Compensation of Employees in general terms called wages and salaries paid to employees for providing their factor (productive) services.
But compensation of Employees is a broad term.
It comprises
COE = Wages and Salaries + Employer’s Contribution to Social Security Schemes
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