What Is Accrual Accounting, and How Does It Work?
What Is Accrual Accounting, and How Does It Work?
9 months ago
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Cash to accrual for accrued payroll and compensation expense - Universal CPA Review
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Your employer may now have to pay you more salary because of the changes in the new Labour Codes... 👉🏻 So far, a lot of employers would break your CTC in such a manner that your Basic Salary DA used for calculation of statutory payments like Gratuity and Leave Encashment would be kept to lowest possible - say, 25-30% of your total CTC... And the remaining amount would be paid as Allowances, thus they would reduce their total payout as retirement benefits would only be calculated on the Basic D
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