Answered: avel allowance- 2000 Insurance - 980

Business

Accounting

avel allowance- 2000 Insurance - 980

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Design a salary slip for the month of December 2021 with information given below.

Fixed vs variable ratio- 70:30
Ctc - 24L
Basic- 50%
Hra- 22%
Da - 12%
Travel allowance- 2000
Insurance - 9800
Incentive- 75% target completion
Pf 12%
leaves - 4 ( 2 permitted)

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