1.

Calculate compensation of employees: (a) Commission paid to staff (12); (b) Traveling allowance paid (18); (c) Employer’s contribution to social security (15); (d) Wages and salaries (155); (e) Interest free loan to staffs (20)(Figures are in thousands)

Answer»

Compensation of Employees 

= (a) + (c) + (d) 

= 12 + 15 + 155 

= 182 thousand



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