Answered: Travel allowance- 2000 Insurance -…

Business

Accounting

Travel allowance- 2000 Insurance - 2500 Incentive with 75% target completion Pf 12% Earned leaves - 7

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 March 2021 with information given below.

Fixed vs variable ratio- 70:30

Ctc - 20L

Basic- 50%

Hra- 20%

Travel allowance- 2000

Insurance - 2500

Incentive with 75% target completion

Pf 12%

Earned leaves - 7

Prepare the assignment in Ms excel/ Ms Word.

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